ADRs I. are shares of U.S. companies traded on foreign exchanges. II. are shares of foreign companies traded on U.S. exchanges. III. pay dividends in U.S. dollars if they pay dividends. IV. are subject to exchange rate risk
A) I and II only
B) II and III only
C) II. III and IV only
D) I, II, III and IV
Answer: C
You might also like to view...
Monthly remittance of sales tax due has no effect on the income statement, but reduces cash flow from operating activities.
Answer the following statement true (T) or false (F)
Defined Benefit Pension Plans are required to pay retired employees an amount determined by formula, rather than the amount contributed to the plan.
Answer the following statement true (T) or false (F)
Bankruptcy will discharge a student loan.
Answer the following statement true (T) or false (F)
To control your use of time, you must be able to say no when appropriate to people who approach you with new tasks. Which of the following tips is most appropriate for situations where one is unable to say no?
A. Put a time limit on your participation B. Remind the person that he or she must learn to manage time properly C. Go according to your supervisor or colleague's timetable D. Ask the person not to bother you as you are busy