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The Bank of New York Mellon is an important player in sponsoring ADRs. Go to its website

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The Bank of New York Mellon is an important player in sponsoring ADRs. Go to its website at adrbnymellon.com and search for Hitachi (CUSIP: 433578507) ADR. What is the price of Hitachi ADR on the NYSE? Explain the meaning of RATIO on the ADR listings page. If 1USD = ¥100, what do you think is the price of Hitachi’s shares on the Tokyo Stock Exchange (in ¥)? You can find Hitachi’s share prices on the TSE’s website at tmx.com.

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The price of Hit achi AD R on the NY SE is 14 37 as of May 20 ...View the full answer


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