(Please answer questions 3,4,5, and 6) (Multiple choice answers given)

QUESTION 3 A share of the ADR of a German firm represents one share of that firm's stock that is traded on a German stock exchange. The share price of the firm closed at 112 euros. As the U.S. market opens, the euro is worth $1.05. Thus, the price of the ADR should be ____. a. $150.0 b. $117.60 c. 166.50 euros d. $113.64 1 points

QUESTION 4 The ADR of a French firm is convertible into 5 shares of stock. The share price of the firm was 50 euros when the French market closed. When the U.S. market opened, the pound is worth $1.21. The price of this ADR should be $____. a. $348.90 b. $302.50 c. $455.21 d. $100 1 points

QUESTION 5 Assume that the bank's bid quote for the Argentine peso is $.157 and the ask price is $.166. If you have Argentine pesos, what is the amount of pesos that you need to purchase $300,000? a. 1,775,194 pesos b. 1,250,900 pesos c. 1,112,600 pesos d. 1,910,828.03 pesos 1.5 points

QUESTION 6 Assume that the spot rate of the Hong Kong dollar is $.700. The ADR of a Hong Kong firm is convertible into 7 shares of stock. The price of an ADR is $100. What is the share price of the firm in Singapore dollars? a. 19.84 SGD b. 20.41 SGD c. 20.12 SGD d. 23.28 SGD