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)$162.85
B)$163.00
C)$168.00
D)$168.10

Name: 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)$162.85 B)$163.00 C)$168.00 D)$168.10
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Quizplus · Accepted Answer

B)Here we use the ask prices Value = 123.25 + 36.55 + 3.20 = 163

Consider an ETF That Is Made Up of One Share