In the frankfurt market aldi stock closed at euro5 per, Ask an Expert

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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.

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Financial Management, Finance

Category:- Financial Management
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