SIE Exam Practice Question 941

Question: 941

____ American Depository Receipts

A. Dividends are declared in local currencies and paid in U.S. dollars.

B. Pay a fixed rate of interest every six months until maturity; issued in terms of ten years or more.

C. Can be redeemed at any time without penalty; objective is to earn interest for shareholders.

D. Intended to be held until maturity, but can be redeemed prior to maturity for a penalty.