Solved: When the us market opens the gbp is worth usd 200 gbp what, Finance Basics

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When the us market opens the gbp is worth usd 200 gbp what

The ADR of a British firm is convertible into 5 shares of the underlying stock. The stock price of the British firm was GBP 29 when the British market closed. When the US market opens, the GBP is worth USD 2.00 / GBP. What is the current price of this ADR in USD?

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Finance Basics: When the us market opens the gbp is worth usd 200 gbp what

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