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Which of the following statement is TRUE? An unsponsored ADR may be initiated without the approval of the foreign firm with the underlying stock. ADRs

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Which of the following statement is TRUE? An unsponsored ADR may be initiated without the approval of the foreign firm with the underlying stock. ADRs are considered an effective way for firms to improve the liquidity of their stock, especially if the home market is small and illiquid. O One of the benefits of investing in Global Registered Shares (GRS) is that GRS allow to invest in foreign companies without foreign exchange risk

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