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 maximum bid price for this ETF in a normal market is closest to:
A) $167.80
B) $167.90
C) $168.00
D) $168.10

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 maximum bid price for this ETF in a normal market is closest to:
A) $167.80 
B) $167.90 
C) $168.00 
D) $168.10

Quizplus · Accepted Answer

D) Here we use the ask prices. Value = 79.50 + 40.05 + 48.55 = $168.10

Use the Table for the Question(s) Below