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

question 30

Multiple Choice

Use the following information to answer the question(s) below.
Suppose the market consists only of Merck (MRK) and Boeing (BA) .Merck stock is trading for $36.70 per share with 2.11 billion shares outstanding while Boeing has 697.5 million shares outstanding and a market capitalization of $38.223 billion.Assume that you hold the market portfolio.
-Boeing's stock price is closest to:

• A)$18.25.
• B)$36.70.
• C)$54.80.
• D)$63.40.

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Definitions:

Tax Revenue

The income that is gained by governments through taxation.

Demand Elastic

The responsiveness of demand for a good or service to changes in its price, income levels, or substitute and complementary products' prices.

Machine Parts

Components or pieces that are used in the assembly or repair of machinery and equipment.