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)$161.31
B)$322.62
C)$362.36
D)$483.93

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)$161.31 
B)$322.62 
C)$362.36 
D)$483.93

Quizplus · Accepted Answer

C)= 2 × 121.57 + 3 × 36.59 + 3 × 3.15 = $362.36

Use the Information for the Question(s)below