All of the following are true about an American Depository Receipt EXCEPT:
A) the depositary bank converts all dividends and other payments into U.S. dollars.
B) there are no custodial fees.
C) shares are held in custody by a U.S. depository bank.
D) it represents a specific number of shares in the home market.
Correct Answer:
Verified
Q7: What is the name given to the
Q8: Which one of the following is NOT
Q9: The _ that attempted to separate commercial
Q10: The stock markets of developing countries are
Q11: In the field of finance,the market where
Q13: Which of the following concepts refers to
Q14: What are the costs of cross-listing?
A) It
Q15: With respect to stock market organization,what do
Q16: When a firm issues shares in multiple
Q17: Which one of the following stock markets
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents