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What are American Depositary Receipts ( ADRs ) ?

Asked By Anonymous User
Monday, November 13, 2000

Answer:

American Depositary Receipts ( ADRs ) are U.S. dollar denominated receipts representing shares of foreign based corporations. ADR's are issued by U.S. banks or trust companies and entitle the holder to all dividends and capital gains that are paid out of underlying foreign assets.
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