Use the Following Information to Answer the Question(s) Below

question 32

Multiple Choice

Use the following information to answer 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 Apple Inc. (APPL) , one share of Google (GOOG) , and ten shares of Microsoft (MSFT) . Suppose the current stock prices of each individual stock are as shown below:

-The price per share of this ETF in a normal market is closest to:

• A) $800
• B) $1,001
• C) $1,067
• D) $1,267
• E) $1,601

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Definitions:

Means-End Analysis

A problem-solving method that involves identifying the difference between the current state and the goal state, then creating and taking steps to reduce the difference.

Current State

The existing condition or situation of a system, organization, or individual at a particular time.

Eventual Goal

The ultimate aim or objective that is intended to be achieved in the long term, following the completion of all interim steps or phases.

Mixed Numeral

A number made up of a whole number and a fraction, such as 3 1/2.