Use the Information for the Question(s) Below

Use the information for the question(s) below.
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:

-The price per share of the ETF in a normal market is closest to:

A) $168.00
B) $336.00
C) $424.50
D) $504.00

Correct Answer:

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