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Basic Question 1 of 9

A DR may represent ______ of the underlying stock.

I. one share
II. many shares
III. a fractional share

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I just wanted to share the good news that I passed CFA Level I!!! Thank you for your help - I think the online question bank helped cut the clutter and made a positive difference.
Edward Liu

Edward Liu

Learning Outcome Statements

describe methods for investing in non-domestic equity securities

CFA® 2025 Level I Curriculum, Volume 3, Module 4.