1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lys-0071 [83]
3 years ago
15

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
Business
1 answer:
Molodets [167]3 years ago
7 0

Answer:

B) $15.63

Explanation:

Calculation for the no-arbitrage U.S. price of one ADR

First step is to calculate the Equivalent amount of one ADR in euro

Equivalent amount of one ADR in euro = 5 ×€5

Equivalent amount of one ADR in euro = €25

Now let calculate the Dollar value of one ADR

Dollar value of one ADR = €25* €625/1,000

Dollar value of one ADR=€15,625/1,000

Dollar value of one ADR=$15.63

Therefore the no-arbitrage U.S. price of one ADR is:$15.63

You might be interested in
At the level of middle management, the database must be able to ________ . Group of answer choices:O provide a framework for def
Furkat [3]

Answer:

-Deliver the data necessary for tactical decisions and planning

-Monitor and control the allocation and use of company resources and evaluate the performance of the various departments

-Provide a framework for defining and enforcing and ensuring the security and privacy of the data in the database

Explanation:

In <em>data management</em>, the implementation of a database always results in a change in both operations and management.

Regarding middle management, the new database has to provide information for the middle manager's tactic decisions (while the upper-level managers need it for strategic decisions).

Since they are always in charge or monitoring a particular department (HR, marketing, R&D...), they use the database to properly assess the company's resources and see how they can help with his/her subdepartments,

6 0
3 years ago
Gardening supplies are hot now but they haven’t always been why is this true of other businesses too
marusya05 [52]

Answer:

look i don't care...

Explanation:

just joking i don't know that question

3 0
3 years ago
In economics a computer bought by a firm for its account keeping is classified differently to a computer bought by an individual
Nesterboy [21]

Answer:

12

Explanation:

5 0
2 years ago
Universal Containers (UC) is migrating from a legacy portal to a new Community. UC needs to stand up the new Community immediate
Juli2301 [7.4K]

Answer:

The answer for the Community template that the Community Cloud consultant should recommend is option c) Customers Account Portal

Explanation:

The Customer Account Portal template improves customer relationships and decreases service costs. The template provides features that make it easy for customers to see and pay invoices, update their account information, and search your knowledge base for answers.

The Customers Account Portal is the best option since Universal Containers (UC) is migrating from a legacy portal to a new Community and needs to stand up to the needs of the new Community immediately where users can ask questions and provide answers.

3 0
3 years ago
How Is productivity determined?
saul85 [17]

Answer:

a. by measuring The relationship to inputs and outputs

Explanation:

Productivity shows the efficiency of generating output using the available inputs. It is measured by dividing the output of a company or a production line by the inputs used. Therefore, productivity shows the relationship between inputs and outputs.

Productivity can also be measured by labor output. In this case, the output is divided by the number of labor hours used.

7 0
3 years ago
Other questions:
  • At the end of January, Mineral Labs had an inventory of 735 units, which cost $8 per unit to produce. During February the compan
    9·1 answer
  • Barkley Company sells two​ products, red cups and black mugs. Barkley predicts that it will sell 2 comma 100 red cups and 700 bl
    8·1 answer
  • -Provide public goods
    13·2 answers
  • Josh and Joe are opening a copy store. There are no competing copy stores in the area. They must decide how to organize the busi
    14·1 answer
  • What does a current ratio of 1.20:1 mean?
    15·1 answer
  • All of the following statements regarding the double-entry system are true except:__________. 1. both sides of the accounting eq
    8·1 answer
  • In 2010, many high-income countries will be focused on the short-term economic horizon due to aggressive and often controversial
    10·1 answer
  • Cullumber Warehouse distributes hardback books to retail stores and extends credit terms of 4/10, n/30 to all of its customers.
    7·1 answer
  • Since stocks can be traded online, which purpose is best served by markets?
    11·1 answer
  • The responsibilities of the board of directors includes: Group of answer choices Caring for shareholder interests A
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!