Advantages That the American Depositary Receipts (ADRs)have Over Investing in Actual

Multiple Choice

Advantages that the American Depositary Receipts (ADRs) have over investing in actual shares of a foreign stock include all but the following;

A) Unlike direct foreign stock,ADRs have financial statements presented in a US GAAP or IFRS format.
B) Dividends are paid in dollars and easier to collect than actual shares of foreign stock.
C) ADRs are more liquid and less expensive than buying foreign stock directly.
D) Have annual reports and financial statements presented in French,Spanish and Mandarin.