American Depository Receipt Ratio

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American Depository Receipt Ratio

The number of foreign shares represented by a single American Depository Receipt (ADR). An ADR is a certificate issued by a bank representing a certain number of shares of a stock the bank holds in trust, but that are traded on a foreign stock exchange and denominated in U.S. dollars. The number of shares represented by a single ADR is at the discretion of the bank issuing the ADR. The ADR ratio can have an effect on the price of the ADR.
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