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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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