Use the Table for the Question(s)below

question 59

Multiple Choice

Use the table for the question(s) below.
-Consider an ETF that is made up of one share each of IBM,MRK,and C.The minimum bid price for this ETF in a normal market is closest to:

• A)$162.85
• B)$163.00
• C)$168.00
• D)$168.10

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Definitions:

Voluntary Liquidation

The process in which a company's directors choose to voluntarily wind up the company's affairs, distribute its assets to creditors, and officially dissolve the business.

Liquidation Preference

A term in financial agreements that specifies the order in which creditors and investors are paid in the event of a company's liquidation.

Judicial Dissolution

A legal process through which a court orders the dissolution or termination of an entity such as a corporation or partnership based on certain grounds laid by law.

Deadlocked Directors

A situation in a board of directors where members are evenly divided on an issue, preventing a decision from being made.