his figure, presents the percentage deviation from the 60:40 ratio in the market values of equity of Royal Dutch and Shell between September 1980 and September 1995. 1.  What is the main finding of this Figure? 2. What is the explanation for the finding?

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This figure, presents the percentage deviation from the 60:40
ratio in the market values of equity of Royal Dutch and Shell between September 1980 and
September 1995.

1.  What is the main finding of this Figure?
2. What is the explanation for the finding?
 
 
QUESTION I: THE TWIN-SECURITIES.
percent deviation
15%
10%
5%
0%.
-5%
-10%
-15%
-20%
-25%
-30%
-35%
9/4/80.
9/4/81
9/6/82
Ther
£8/9/6
w they
9/5/84
9/5/85
98/9/6
проводити
Whouding
9/7/87
88/9/6
68/9/6
06/9/6
16/9/6
9/7/92
9/7/93
9/7/94
9/7/95
Fig. 2.1 Log Deviations From Royal
Dutch/Shell Parity.
Source: Froot and Dabora (1998).
Transcribed Image Text:QUESTION I: THE TWIN-SECURITIES. percent deviation 15% 10% 5% 0%. -5% -10% -15% -20% -25% -30% -35% 9/4/80. 9/4/81 9/6/82 Ther £8/9/6 w they 9/5/84 9/5/85 98/9/6 проводити Whouding 9/7/87 88/9/6 68/9/6 06/9/6 16/9/6 9/7/92 9/7/93 9/7/94 9/7/95 Fig. 2.1 Log Deviations From Royal Dutch/Shell Parity. Source: Froot and Dabora (1998).
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