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Determine the price of the adr

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Question - A share of the ADR of company from the U.K Britanico represents one share of that company's stock that is traded on London stock exchange. The share price of Britanico was 15 pounds when the UK market closed. As the U.S. market opens, the pound is worth $1.10. Determine the price of the ADR?

Reference no: EM133129044

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