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Five years ago, an ETF was initiated with 3 million shares in 14 stocks each with a market value of $17. The ETF issued
Five years ago, an ETF was initiated with 3 million shares in 14 stocks each with a market value of $17. The ETF issued 49 million shares. Three years ago, Oliver purchased 247.000 shares in the ETF for $21.83 a share. The price has now increased to $28.41 a share, and Oliver is considering redeeming his shares. Assume none of the original shares have been sold or redeemed. If Oliver redeems his shares, how many shares of each stock will he receive? Please note that partial shares may not be purchased. Round the answer to the whole number. Please note that the answer should be rounded down since it is not possible to purchase partial stock. Your Answer:
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