Multiple Choice
The RBC shares are trading at $35.75 per share in Canada. Their shares are also listed in London with four RBC shares packaged into one ADR. In the London market, RBC stock closed at 5.8886 per share. If the spot rate is 0.6366 per Canadian dollar, what is the Canadian dollar price for one ADR?
A) $82.13
B) $10.92
C) $45.75
D) $29.92
E) $37.00
Correct Answer:
Verified
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