Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
What is Global Depository Receipts
American / Global Depository Receipts (ADRs/ GDRs)
Equity shares which are offered in international markets to international investors are issued in the form of Depository Receipts (DRs). If these DRs are issued for US investors in US markets, then they are termed as American Depository Receipts (ADRs). They can be listed on New York Stock Exchange (NYSE) or National Association of Securities Dealers Automated Quotations (NASDAQ) Exchange. If they are issued for international investors to be listed on Luxemburg Stock Exchange in Europe then they are termed as Global Depository Receipts (GDRs). What goes in the hands of investors isn't a share certificate however a 'receipt' of a share certificate which is lying with depository. The advantages of keeping the shares in the depository include: ease of transfer, less registrar, no bad deliveries and book keeping problems, etc. DRs entitle holders to get both dividend and capital gains. ADRs/ GDRs can be converted into equity shares any time as they signify equity shares anyway and reverse conversion of equity shares into ADRs/ GDRs is allowed to extent of the first conversion.
The amount by which the market price exceeds the conversion value or the investment value is called as the premium.
Role of market efficiency: Market efficiency signifies how ‘quickly and accurately' does relevant information have its effect on the asset prices. Depending upon the degree of
What is the Modigliani and Miller theory of dividends? Explain. The Modigliani-Miller theory of dividends says so as dividend theory is irrelevant. They claim so as to it is
A holder in debt obligation, though does not have any opportunity to share in the economic growth of the firm, is interested in a firm's profitability because it
The standard cost of chemical mixture ~ PQ’ is as follows: 40% of material P @ Rs. 400 per kg. 60% of material Q @ Rs. 600 per kg. A standard loss of 10% is normally anticipated in
Q. Example on hedge fund? Hedge Fund enters agreement to sell HK$ in six month's. At expiration the Hedge Fund requires to buy spot HKD and deliver these against the short futu
Determine the calculation of materiality For example: Turnover 1% -1.5% Net assets 1% -2% Net profit 2% -6% Whatever numbers are selected they would be based on r
Characteristics of Warrants As mentioned earlier, a warrant is a variant of a call option and gives the holder a certain right to purchase shares of the company at a predetermi
Woody Construction is considering a new 3-year expansion project that requires an initial fixed asset investment of $3.186 million. The fixed asset will be depreciated straight-lin
Board should encourage a strong control culture. Manager's bonus must not only be linked to company profits but also linked to internal control procedures being adhered to. There m
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd