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

question 3

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)$1001.
• C)$1067.
• D)$1267.

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Definitions:

Market Interest Rates

The prevailing rates at which borrowers can obtain loans and investors can receive returns in the financial market.

Bond Prices

The amount of money investors are willing to pay for bonds, inversely related to interest rate changes.

Yield

Return.

Rate of Return

The gain or loss on an investment over a specific period, expressed as a percentage of the investment's initial cost.