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

Question:

An American Depositary Receipt (ADR) is 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 trades as an ADR with symbol NOK on the NYSE. Each ADR represents one share of Nokia stock, which trades with symbol NOK1V on the Helsinki stock exchange. If the U.S. ADR for Nokia is trading for $17.96 per share, and Nokia stock is trading on the Helsinki exchange for 14.78 € per share, use the Law of One Price to determine the current $/€ exchange rate.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...