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ADR Math: You have invested $100 based on these numbers: Banco Naranja Local Share Price...

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Finance

ADR Math: You have invested $100 based on these numbers:

Banco Naranja Local Share Price = N10 per share

10 Local Shares = 1 American Depository Receipt (ADR)

Current FX is N5=US$1

After 1 year the following has occurred:

Banco Naranja Local Share Price = 14.50 per share

Current FX N5.30=US$1

How much did you gain or lose on your $100 investment?

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