Assume that the spot rate of the singaproe dollar is $.664. The ADR of a Singapore firm is convertibe into 3 shares of stock. The price of an ADRis $20. What is the share price of the firm in Singapore dollars

The share price of the firm in Singapore dollars is $10.

1 ADR = $20

1 ADR = 3 Shares

So,  

3 Shares =$20

1 share =$20 ÷÷3

1 Singapore dollar =$0. 664

Now  

1$= 1 ÷ 0.664 =1.506

And,  

20$ =

=10.10

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the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.