Q. A share of the ADR of a Dutch firm represents one share of that firm's stock that is traded on a Dutch stock exchange. The share price of the firm was 15 euros when the Dutch market closed. As the U.S. market opens, the euro is worth $1.10. Thus, the price of the ADR should be _____. (Solved)
1. $13.64
2. $15.00
3. $16.50
4. 16.50 euros
- c. $16.50