Use the information for the question(s)below.
An exchange traded fund (ETF)is a security that represents a portfolio of individual stocks.Consider an ETF for which each share represents a portfolio of two shares of International Business Machines (IBM),three shares of Merck (MRK),and three shares of Citigroup Inc.(C).Suppose the current market price of each individual stock are shown below:
-The price per share of the ETF in a normal market is closest to:
A)$265.29.
B)$530.58.
C)$666.95.
D)$795.87.

Question

Use the information for the question(s)below.
An exchange traded fund (ETF)is a security that represents a portfolio of individual stocks.Consider an ETF for which each share represents a portfolio of two shares of International Business Machines (IBM),three shares of Merck (MRK),and three shares of Citigroup Inc.(C).Suppose the current market price of each individual stock are shown below: 
-The price per share of the ETF in a normal market is closest to:
A)$265.29. 
B)$530.58. 
C)$666.95. 
D)$795.87.

Quizplus · Accepted Answer

The Answer of Use the information for the question(s)below.
An exchange traded fund (ETF)is a security that represents a portfolio of individual stocks.Consider an ETF for which each share represents a portfolio of two shares of International Business Machines (IBM),three shares of Merck (MRK),and three shares of Citigroup Inc.(C).Suppose the current market price of each individual stock are shown below: 
-The price per share of the ETF in a normal market is closest to:
A)$265.29. 
B)$530.58. 
C)$666.95. 
D)$795.87.

Use the Information for the Question(s)below