4. Please answer the question. 1) American Depository Receipts (ADRs) represent foreign stocks denominated in U.S. dollars that trade on American stock exchanges, (15points) a. True b. False 2) Unsponsored ADRs are created by a bank at the request of the forcign company that issues the underlying security. (15points) a. True b. False 3) Global Registered Shares purchased on one exchange (ex: New York) is fully exchangeable with shares purchased on another exchange (ex: Tokyo). (15points) a. True b. False 4) Samurai bonds are yen-denominated Burobonds originally sold in Japan (15points) a. True b. False 5) Yankee bonds are registered bonds and subject to witholding taxes. (15points) a. True b. False 6) If American firms issue euro-denominated bonds in Europe, those bonds are Eurobonds. (15points) a. True b. False 7) The delivery of the underlying asset is seldom made in futures contracts while the delivery is usually made in forward contracts. (15points) a. True b. False 8) You purchased a put option for e10,000 at \$1.60Ve. Your option is out of the money when euro is at si.so. (15points) a. True b. False 9) The quote for a swap is 4.504.60% for underlying dollar LIBOR. This means the swap bank pays fixed-rate of 4.50% against receiving dollar LIBOR, while the swap bank receives fixed-rate of 4.60% against paying dollar LIBOR. (15points) a. True b. False 10) A firm with exposure to a depreciating currency can reduce transaction exposure with a strategy of paying early and collecting late. (15points) a. True b. False