15. Which statement about ADRs is true?
a) An ADR is the receipt for the shares of a foreign
based corporation held in U.S bank
b) ADRs do not trade on U.S exchange
c) ADRs give non U.S investors a way to buy non US
company shares in the US market.
d) The holder of an ADR is entitled to only the
dividends for the security

Answer Posted / kalyan

An ADR is the receipt for the shares of a foreign
based corporation held in U.S bank

Is This Answer Correct ?    5 Yes 0 No



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