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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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