Answered: What are ADRs?

Entrepreneurial Finance

6th Edition

ISBN:9781337635653

Author:Leach

Publisher:Leach

Chapter7: Types And Costs Of Financial Capital

Section7.3: Determining The Cost Of Debt Capital

Problem 4CC

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What are ADRs?

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Answer:

An American depositary receipt (ADR) is a negotiable asset that denotes a non-US company underlying shares traded on the U.S capital markets. These are issued on the American market by foreign companies to accommodate American investors in their businesses.

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