SIE Exam Practice Question 678
Question: 678
Which of the following is a characteristic of American Depository Receipts (ADRs)?
Correct Answer: B
Explanation:
ADRs allow for the trading of international securities in domestic countries. They trade throughout the day, and their dividends are declared in local currencies and paid in U.S. dollars. ADR holders receive foreign tax credits for income tax paid to a foreign country.
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