Assume that the spot rate of the singapore dollar is 664, Finance Basics

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Assume that the spot rate of the singapore dollar is 664

Question: Assume that the spot rate of the Singapore dollar is $.664. The ADR of a Singapore firm is convertible into 3 shares of stock. The price of an ADR is $20. What is the share price of the firm in Singapore dollars? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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Finance Basics: Assume that the spot rate of the singapore dollar is 664

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