Which one of the following is NOT an advantage that American Depository Receipts (ADRs) have over investing
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Question:
Which one of the following is NOT an advantage that American Depository Receipts (ADRs) have over investing in actual shares of a foreign stock?
ADRs are an effective barrier to foreign currency risk.
Unlike direct foreign stock, ADRs have financial statements presented in a GAAP format.
Dividends are paid in dollars and are easier to collect than actual shares of foreign stock.
ADRs are more liquid and less expensive than buying foreign stock directly
Related Book For
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
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