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Basic Question 1 of 9
A DR may represent ______ of the underlying stock.
II. many shares
III. a fractional share
I. one share
II. many shares
III. a fractional share
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I was very pleased with your notes and question bank. I especially like the mock exams because it helped to pull everything together.

Martin Rockenfeldt
Learning Outcome Statements
describe methods for investing in non-domestic equity securities
CFA® 2026 Level I Curriculum, Volume 3, Module 4.