Which of the following is true of American Depository Receipts (ADRs)?
A) Investors who buy ADRs have to pay a currency-conversion fee.
B) There is a minimum purchase requirement for ADRs.
C) Companies offer ADRs in the U.S. to appeal to mutual funds.
D) ADRs are listed and traded in London and Luxembourg.
C
You might also like to view...
Upon reading a business plan, all of the following should be apparent, EXCEPT:
A. who the customer is B. why the business will be successful in reaching these customers C. how the business will reach venture capitalist D. what it will take (in terms of resources) to get the job done E. why someone would believe in the management team
Suppose the probability of an athlete taking a certain illegal steroid is 10%. A test has been developed to detect this type of steroid and will yield either a positive or negative result. Given that the athlete has taken this steroid, the probability of a positive test result is 0.995. Given that the athlete has not taken this steroid, the probability of a negative test result is 0.992. Given
that a positive test result has been observed for an athlete, what is the probability that they have taken this steroid? A) 0.9325 B) 0.9552 C) 0.9928 D) 0.0995