Question: Next select two foreign stocks that are traded on US stock exchanges and are not from the same foreign country Many foreign stocks are traded

Next select two foreign stocks that are traded on US stock exchanges and are not from the same foreign country Many foreign stocks are traded on US stock exchanges as American depository receipts ADRs which are certificates that represent ownership of foreign stock The ADRs are denominated in dollars but reflect the value of a foreign stock so an increase in the value of the foreign currency can have a favorable effect on the ADRs value

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The term American depositary receipt ADR refers to a negotiable certificate issued by a US depositary bank representing a specified number of sharesusually one shareof a foreign companys stock The ADR ... View full answer

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