An american depository receipt (adr) is a security issued by a u. s. bank and traded on a u. s. stock exchange that represents a specific number of shares of a foreign stock. siemens ag has an adr that trades on the nyse and is equivalent to one share of seimens ag trading on the frankfurt stock exchange in germany. if seimens trades for $95.19 on the nyse and for €64.10 on the frankfurt stock exchange, then under the law of one price, the current exchange rate is closest to:

The exchange rate can be stated as:

$1.485/€

or

€0.6734/$

Explanation:

Data provided:

Amount in Dollars for Trade done by Seimens on the NYSE = $95.19

Amount in Euros for Trade done by Seimens on the Frankfurt = €64.10

Now,

under the law of one price

the exchange rate is calculated as:

Exchange rate =

on substituting the respective values, we get

Exchange rate =

or

Exchange rate = $1.485/€

also it can be stated as:

$1.485 = €1

or

$1 = €0.6734

Hence,

The exchange rate can be stated as:

$1.485/€

or

€0.6734/$

you can lose ranking 2 ways.

1) you don't have enough points due to you expending them by asking questions/your answers are deleted.

2) your brainliest's expired. this means that brainliests, once they exceed the 30 day limit, expires. this is to ensure that you continue to contribute into the community at a constant rank if you want to continue to have/exceed the rank you have right now.

if you go to profile, and click "show more information" located on the bottom left of the box with your information (on top of the questions answered, questions asked, and friends), you will be given the following information (example):

member since : 02/13/2017, 18: 11

questions answered: 9741

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brainliest answers in last 30 days: 10

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look at the "brainliest answers in the last 30 days". this is the one that will affect your rank other than your points. again, once your brainliest expires (was earned 31+ days ago), it will not be counted.

~

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