Sunday, May 15, 2016 2:24:31 PM
One ILS can be exchanged for .2641 US Dollars, so 129.3 x .26 = $34.15 per Israeli share! Obviously, not correct. But wait, there's more -- each ADS that we trade here is a bundle of 20 Israeli shares, so 20 x $34.15 = $683, again, obviously not correct.
The math is pretty simple, so I don't think I screwed that up. Could it be that the quote should be 1.293 ILS? If so, that would put our KTOV at $6.83/US share.
Can anyone straighten me out?
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