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 ask 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 ask 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

To calculate the minimum ask price for the ETF, we need to add the ask prices for IBM, MRK, and C.

IBM ask price = $156.85 
MRK ask price = $87.59 
C ask price = $21.00

Adding these together:

$156.85 + $87.59 + $21.00 = $265.44

Therefore, the closest minimum ask price for this ETF is $265.44, which is answer choice B.

Use the Table for the Question(s)below