Use the Information for the Question(s)below

question 44

Essay

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:

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Definitions:

Isabella and Ferdinand

Sovereigns of Castile and Aragon respectively, whose marriage in 1469 led to the unification of Spain; known for completing the Reconquista, sponsoring Columbus' 1492 voyage, and establishing the Spanish Inquisition.

Bramante

An Italian architect and painter, Donato Bramante (1444-1514), known for his work in the High Renaissance including designing the layout for the new St. Peter's Basilica.

Classical Mythology

A body of myths and legends originating from the ancient Greeks and Romans, concerning their gods and heroes, the nature of the world, and the origins and significance of their own cult and ritual practices.

Meeting of Bacchus and Ariadne

A mythological event celebrated in art, where Bacchus (the god of wine) meets and falls in love with Ariadne, who had been abandoned by Theseus.