Who Pays the Costs of Creating a Sponsored ADR

question 23

Multiple Choice

Who pays the costs of creating a sponsored ADR?

• A) the foreign firm whose stocks underlie the ADR
• B) the U.S. bank creating the ADR
• C) both the U.S. bank and the foreign firm
• D) the SEC since they require the regulation

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Definitions:

Osteoporosis

A medical condition characterized by the weakening of bones, making them fragile and more prone to fractures.

Bone Density

A measurement indicating the amount of mineral matter per square centimeter of bones, used in assessing osteoporosis and fracture risk.

Osteopenia

A condition characterized by lower than normal bone density, which can precede osteoporosis.

Osteomyelitis

An infection of bone, which can lead to bone damage and loss if untreated.