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The ADR of a British firm is convertible into 2 shares of stock. The share price of the firm was 11 pounds when the British market closed. When the U.S. market opens, the pound is worth $1.30.
(1) Calculate the price of the ADR.
(2) If the stock price remains the same in Britain, what would explain an increase in the price of the ADR?
The success or failure of hospital profitability in the coming years will depend on a continued fluctuation between revenues and costs.
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One year ago, you purchased 15 shares of XYZ stock for $95 per share. During the year, you received dividend of $2 per share. Today, you sold all your shares.
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