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An exchange traded fund (ETF) is a security that represents a portfolio of individual stocks. Consider...

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 shown below:

Stock

Current Price

ANB

$80

CBF

$70

TSN

$60

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

none of these answers

$666.95

$550

$490

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jeff jeffy answered 2 years ago
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