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What is the price of ADR if the conversion ratio is 1:2, local stock price is euro 30, and the spot FX rate is $1.20/euro?
What is the price of ADR if the conversion ratio is 1:2, local stock price is euro 30, and the spot FX rate is $1.20/euro?
A. euro 72
B. $42
C. euro 72
D. $72
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