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Kayla purchased 500 ADRs in Pearson PLC, a British Company. How will fluctuations in the ...

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Kayla purchased 500 ADRs in Pearson PLC, a British Company. How will fluctuations in the ...

Kayla purchased 500 ADRs in Pearson PLC, a British Company. How will fluctuations in the dollar/pound exchange rate affect the value of her investment?

▸ Because the ADRs are denominated in dollars, the exchange rate will have no effect on her investment.

▸ Changes in the exchange rate will be directly reflected in both the ADR value and dividends.

▸ If the pound weakens against the dollar, the dollar value of her ADRs will increase.

▸ If the dollar weakens against the pound, the value of her ADRs will decrease.

Textbook

Fundamentals of Investing

Edition: 14^th

Authors: Zutter, Smart

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