Group televisa is a mexican firm in mexico with american, Ask an Expert

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Group Televisa is a mexican firm in mexico with american depository receipt ADR traded on NYSE. The stock prices are 300 pesos in Mexico and 30 dollars in New York; the exchange rate is 10 pesos per dollar. Suddenly, a political problem in Mexico leads to a depreciation of the peso and a drop in mexican stock market. The new exchange rate is 11 pesos per dollar, and the new stock price of grupo televisa is 275 pesos. What should the price quoted in New York be? Choices: $22.50, $25, $26, 75, or $27

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Financial Management, Finance

Category:- Financial Management
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