What is the value of the yen in euros

Reference no: EM132179341

Question - An American Depository Receipt (ADR) is certificate representing ownership of a share of a foreign stock that is traded on a stock exchange in the United States. A Japanese yen is worth $.0080. A Euro is worth $1.159. One share of the Japanese Company Nintendo is ¥41,720.

a. What is the value of the yen in Euros (i.e., how many Euros do you need to buy a yen)?

b. How many U.S. dollars do you need to purchase 50 American Depository Receipts (ADRs) of Honda in New York?

c. How many Euros do you need to purchase 50 ADRs of Honda in New York?

Reference no: EM132179341

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