The ADR of a British Firm Is Convertible into 3

question 62

Multiple Choice

The ADR of a British firm is convertible into 3 shares of stock. The share price of the firm was 30 pounds when the British market closed. When the U.S. market opens, the pound is worth $1.63. The price of this ADR should be $____.

• A)48.90
• B)146.70
• C)55.21
• D)none of the above

---

Definitions:

Evolutionary History

Evolutionary history refers to the chronicle of life's development and diversification on Earth through natural selection, genetic drift, mutations, and speciation processes across generations.

Primatology Research

The scientific study of primates, including their behavior, biology, and evolution, to understand both primate and human origins.

Nonhuman Primates

Primates that are not human beings, including monkeys, apes, and lemurs, known for their complex behaviors and varied habitats.

Primatology

The study of living and fossil primates.