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Calculate the price of the adr

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Reference no: EM132791070

The ADR of a British firm is convertible into 2 shares of stock. The share price of the firm was 11 pounds when the British market closed. When the U.S. market opens, the pound is worth $1.30.

(1) Calculate the price of the ADR.

(2) If the stock price remains the same in Britain, what would explain an increase in the price of the ADR?

Reference no: EM132791070

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