A Share of the ADR of a Dutch Firm Represents

question 82

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 the above

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Definitions:

Solutes

Substances dissolved in a solvent to form a solution, often referring to solids dissolved in liquids.

Nutritional Value

Nutritional value refers to the content of essential nutrients in food, such as vitamins, minerals, and proteins, important for supporting life and health.

Reabsorption

The process by which the kidneys filter the blood, removing waste but reabsorbing water and other essential substances back into the bloodstream.

Diabetes Insipidus

A disorder marked by an imbalance of water in the body, leading to intense thirst and the production of large amounts of urine.