Which of the following is true of American Depositary Receipts (ADRs) ?
A) ADRs are traded only in foreign exchanges.
B) ADRs are denominated in foreign currencies.
C) ADRs represent a stated number of shares in a specific foreign company.
D) The investors in ADRs receive annual interest amounts in dollars.
E) The investors in ADRs receive dividends in foreign currencies.
Correct Answer:
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