A Share of the ADR of a Dutch Firm Represents

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 ____.

A) $13.64
B) $15.00
C) $16.50
D) 16.50 euros
E) none of the above