An exchange traded fund (ETF) is a security that represents a portfolio of individual stocks. Consider an
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Question:
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 Apple Inc. (APPL), one share of Google (GOOG), and ten shares of Microsoft (MSFT). Suppose the current stock prices of each individual stock are as shown below:
Stock | Current Price |
APPL | 200.23 |
GOOG | 570.51 |
MSFT | 29.61 |
What is the price per share of this ETF in a normal market?
Related Book For
Corporate Finance The Core
ISBN: 9781292158334
4th Global Edition
Authors: Jonathan Berk, Peter DeMarzo
Posted Date: