A share of the ADR of a Dutch firm represents one share of that firm’s stock...
A share of the ADR of a Dutch firm represents one share of that firm’s stock that is traded on a NYSE stock exchange. The share price of the firm was $15 when the NYSE was closed. As the European market opens, the euro is worth $1.15. Thus, the price of the ADR should be:
€13.04.
€15.00.
€16.50.
€17.25
Homework Answers
1 EURO = $1.15
SHARE PRICE = $15
IT MEANS THAT : $1.15 = 1 EURO, THEN $15 =
PRICE IN EURO = 15/1.15 = 13.04 EURO
ANSWER : €13.04 (Thumbs up please
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A share of the ADR of a Dutch firm represents one share of that
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