1.) the korean steel company posco trades in the us on the nyse as an adr with the symbol pkx. the price of an ordinary share on the seoul stock exchange is korean won (krw) 500,000 and the price of the adr is us$100. the current exchange rate is krw1,250/$. you have $100,000 to invest. it takes 4 adrs to buy 1 ordinary share. six months from today the local currency price is krw525,000 and the exchange rate is krw1,000/. a.) what is your rate of return measured in dollars? b.) suppose 3 adrs buy 1 ordinary share. what is your return measured in dollars?
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1.) the korean steel company posco trades in the us on the nyse as an adr with the symbol pkx. the p...
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