DR Pricing Mechanism

IE-IFS Foreign Exchange Markets (IE-IFS) Free JAIIB Capsule 24 views Updated
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IE-IFS · Foreign Exchange Markets (IE-IFS)
If an Indian company's share trades at Rs 1000 locally, the exchange rate is Rs 75/USD, and 1 ADR equals 10 local shares, how is the ADR priced?
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If an Indian company's share trades at Rs 1000 locally, the exchange rate is Rs 75/USD, and 1 ADR equals 10 local shares, how is the ADR priced?

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