Business, 03.03.2020 05:48 anthonylemus36

An American Depositary Receipt (ADR) is a security issued by a U. S. bank and traded on a U. S. stock exchange that represents a specific number of shares of a foreign stock. For example, Nokia Corporation trades as an ADR under the symbol NOK on the NYSE. Each ADR represents one share of Nokia Corporation stock, which trades under the symbol NOK1V on the Helsinki stock exchange.
If the U. S. ADR for Nokia is trading for $ 7.18 per share, and Nokia stock is trading on the Helsinki exchange for euro 5.43 per share, use the Law of One Price to determine the current $/euro exchange rate. (Round to three decimal places.)

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An American Depositary Receipt (ADR) is a security issued by a U. S. bank and traded on a U. S. stoc...

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