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Assume that Zurich Semiconductor Company (ZSC) wishes to create a sponsored ADR program worth $100 million to trade its shares on Nasdaq. Assume that ZSC is currently selling on the SWX Swiss Exchange for SF22.15 per share and that the current exchange rate between U.S. dollars and Swiss francs is $0.8174/SF. American Bank and Trust (ABT) is handling the ADR issue for ZSC and has advised the company that the ideal trading price for high-technology shares on the Nasdaq is about $91 per share (or per ADR).,,,a.Assume that ZSC’s stock price declines from SF22.15 to SF18.85 per share. If the exchange rate does not also change, what will happen to ZSC’s ADR price? Round your answer to the nearest cent.,New ADR price in dollars: $ ,,,,b.If the Swiss franc depreciates from $0.8174/SF to $0.7935/SF but the price of ZSC’s shares remains unchanged in Swiss francs, how will ZSC’s ADR price change? Round your answer to the nearest cent.,New ADR price in dollars: $ ,,,

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