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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:
Stiff Material
Substances characterized by their resistance to deformation and changes in shape, often used in contexts requiring structural integrity.
Placeholder
A symbol, word, or phrase used to hold the place of content that has yet to be added or finalized.
Filing Process
The systematic procedure of organizing and storing documents, records, or information to ensure easy retrieval and efficient management.
Rotary Circular Files
Tools, often used in dentistry or engineering, that rotate to remove or shape material, featuring a circular or cylindrical shape.
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