Use the Information for the Question(s)below

question 82

Multiple Choice

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

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Definitions:

Inventory Write-down

A reduction in the book value of inventory that reflects a decrease in the market value of the items or their usability.

Equity Profit

The portion of net income attributable to the equity holders of a company, representing their share of the earnings.