Hello, I am new to international investing and have a few basic questions. Thanks for your help to anyone who knows...Nintendo trades on the Tokyo Exchange as TYO:7974 currently at 8790 Yen/share.Nintendo's American ADR's trade as PINK:NTDOY currently for $13.20/share.Using the Google Currency Converter 8790 Yen = $104.36.So...A) Why aren't American NTDOY shares $104.36 a share, instead of $13.20?B) I'm guessing 1 NTDOY ADR represents 1/8 of a TYO:7974 share?C) What is going on here?Thanks.
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