Question: An exchange traded fund ( ETF ) is a security that represents a portfolio of individual stocks. Consider an ETF for which each share is

An exchange traded fund (ETF) is a security that represents a portfolio of individual stocks. Consider an ETF for which each share is equivalent to a portfolio of two shares of Amarillo National Bank (ANB), three shares of Canyon Buff Enterprise (CBF), and two shares of Tyson Foods (TSN). Suppose the current market price of each individual stock are ANB: $81, CBF: $60, and TSN: $65.
What is the market price of the portfolio?

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