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    Foundations of Financial Management Study Set 6
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    American Depository Receipts
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American Depository Receipts

Question 39

Question 39

Multiple Choice

American Depository Receipts


A) do not have annual reports.
B) pay dividends in euros.
C) are less liquid and less expensive to buy than foreign stock.
D) are more liquid and less expensive to buy than foreign stock.

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