Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Which of the following factors are related to an ADR? Factor -1: An ADR is a certificate that represents ownership of a foreign stock. An
Which of the following factors are related to an ADR? Factor -1: An ADR is a certificate that represents ownership of a foreign stock. An ADR is typically created by a U.S. bank who buys stock in foreign corporations in their domestic currencies and places them in its vault. Factor - 2: The major attraction to U.S. investors is that ADRs are claims to foreign companies that trade on domestic (U.S.) exchanges and in dollars. A. Only Factor 1 is correct B. Only Factor 2 is correct C. Both Factors are correct D. Neither Factor is correct
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started