PieMan

Confusion comes from whether he was buying or selling GIF shares. If he is buying them, he first needs to come up with euros, and pay the ask price (answer A). If he is selling GIF shares, he would need dollars and he would accept the bid price.

Walex

Oh…my answer was wrong.
I thought the exchange rate was USD/EUR. It is A.

KungFuPanda

To buy it in Germany, you need EUR. The German dealer will offer you LESS EUR for one of your USD..

CFA4Techie

you should use 0.84674 to sell USD and buy EUR to buy stock in Frankfurt where the stock is quoted in EUR

therecruit

to use the 0.84710 price is correct because the stock is sold in US dollars, which would require more Euro when you are taking EUR to buy it.

noel

I also came up with B.