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An exchange traded fund ( ETF ) is a security that represents a portfolio of individual stocks. Consider an ETF for which each share represents
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: Stock Current Price IBM MRK C Suppose that the ETF is trading for $; you should:
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