A share of the ADR of a Dutch firm represents one share of t…

A share of the ADR of a Dutch firm represents one share of that firm’s stock that is traded on a Dutch stock exchange. The share price of the firm was 13.52 euros when the Dutch market closed. As the U.S. market opens, the euro is worth $1.38. Thus, the price of the ADR should be ____.

Cunningham Co. has a subsidiary in Mexico. The expected cash…

Cunningham Co. has a subsidiary in Mexico. The expected cash flows in pesos to be received in the future from this subsidiary have not changed since last month, but the valuation of Cunningham Co. has increased since last month. What could have caused this change in value?