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anonkah anonkah
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2 years ago
American Depositary Receipts represent

▸ receipts for dollar deposits in foreign banks.

▸ receipts from foreign broker-dealers establishing ownership of foreign stocks.

▸ receipts for the stocks of foreign companies held by banks in the companies' home country.

▸ receipts for shares of foreign companies held by U.S. broker-dealers.
Textbook 
Fundamentals of Investing

Fundamentals of Investing


Edition: 14th
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ixi12ixi12
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2 years ago
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