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Today, the stock price of Genevo Co. (based in Switzerland) is price at SF80 per share. The spot rate of the SF is $.70. During the next year, your expect that the stock price of Genevo Co. will decline by 3 percent. You also expect that the Swiss Franc will depreciate against the U.S. dollar by 8 percent during the next year. You own ADRs that represent Genevo stock. Each share that you own represents one share of stock traded on the Swiss stock exchange. What is the estimated value of the ADR per share in one year.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M947140

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