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Which of the following is correct with regards to an ADR? A) The creation of an ADR is always initiated by the sponsoring company B)

Which of the following is correct with regards to an ADR?

A) The creation of an ADR is always initiated by the sponsoring company

B) The foreign company shares used for an ADR are cancelled when the ADR is created

C) The dividends on an ADR are always paid in US dollars

D) An investor in an ADR does not face an FX risk, since the ADR will be priced in US dollars

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