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

Peppy knows a lot about marketing, but not much about the legal or financial aspects of starting a new business. he wants to consult with a lawyer and accountant, but his budget is tight with all of the expenses involved in getting peppy's pizzazzeria up and running. peppy should: trust his basic instincts and try to put it together without the advice of lawyers and accountants. delay talking with a lawyer and accountant until the business has established a positive cash flow for at least one year. immediately hire full-time lawyers and accountants for his staff. consult with a lawyer and accountant even though the budget is tight.