A Share of the ADR of a Dutch Firm Represents

question 11

Multiple Choice

A share of the ADR of a Dutch firm represents one share of that firm's stock that is traded on a Dutch stock exchange. The share price of the firm was 15 euros when the Dutch market closed. As the U.S. market opens, the euro is worth $1.10. Thus, the price of the ADR should be ____.

• A) $13.64
• B) $15.00
• C) $16.50
• D) 16.50 euros
• E) None of these are correct.

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Definitions:

Learning Disability

A disorder in one or more of the basic psychological processes involved in understanding or using language, spoken or written, which may manifest as an inability to read, write, spell, or do mathematical calculations.

Cognitive Disability

A limitation in intellectual functioning and adaptive behavior, affecting learning, communication, and independent living.

Physical Disability

A limitation on a person’s physical functioning, mobility, dexterity or stamina.

Intelligence Quotient

A numerical measure of a person's cognitive abilities in relation to their age group.