Business, 25.11.2020 18:00 mem8163

In the Frankfurt market, Aldi stock closed at €5 per share. On the same day, the euro-U. S. dollar spot exchange rate was €.625/$1.00. Aldi trades as an ADR in the OTC market in the United States. Five underlying Aldi shares are packaged into one ADR. The no-arbitrage U. S. price of one ADR is:. A) €25.00. B) $15.63. C) $40.00. D) none of the options

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In the Frankfurt market, Aldi stock closed at €5 per share. On the same day, the euro-U. S. dollar s...

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