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Answer: Investors possessing voting rights.
**Explanation:** - **Option A** is correct because sponsored depository receipts (DRs) involve direct participation by the foreign company in the issuance process. Investors in sponsored DRs retain the same rights as direct shareholders, including voting rights and dividend entitlements. In contrast, unsponsored DRs are issued without the foreign company's involvement, with voting rights held by the depository bank rather than the investors. - **Option B** is incorrect because both sponsored and unsponsored DRs are securities that trade on local exchanges, mirroring the trading behavior of ordinary shares. - **Option C** is incorrect because the prices of both sponsored and unsponsored DRs are influenced by factors affecting the underlying shares, such as company fundamentals, market conditions, and exchange rate movements. This characteristic is common to all DRs and does not differentiate sponsored from unsponsored ones.
Author: LeetQuiz Editorial Team
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