Use the table for the question(s)below.
-Consider an ETF that is made up of one share each of IBM,MRK,and C.The minimum bid price for this ETF in a normal market is closest to:
A)$265.29.
B)$265.44.
C)$270.00.
D)$270.15.

Question

Use the table for the question(s)below. 
-Consider an ETF that is made up of one share each of IBM,MRK,and C.The minimum bid price for this ETF in a normal market is closest to:
A)$265.29. 
B)$265.44. 
C)$270.00. 
D)$270.15.

Quizplus · Accepted Answer

The minimum bid price for the ETF is the sum of the bid prices of one share each of IBM, MRK, and C. The closest value to this sum is $265.29.

Use the Table for the Question(s)below