The ADR of a British firm is convertible into 5 shares of the underlying stock The stock price of the British firm was GBP 29 when the British market closed When the US market opens the GBP is worth USD 200 GBP What is the current price of this ADR in USD

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The current price of the ADR would be 200 x 5 1000 The exchange rate between the US d... View the full answer