Use the following information to answer 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 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: 
-If the ETF is currently trading for $1200,what arbitrage opportunity is available? What trades would you make?
Definitions:
Job Satisfaction
The level of contentment individuals feel with their job, including aspects such as work environment, salary, and duties.
Increased Expertise
The enhanced ability and knowledge in a specific domain, often achieved through experience and practice.
Middle Age
The period of life typically ranging from about 45 to 65 years old, characterized by increased reflection on life, identity and stability concerns, and facing aging.
White-Collar Workers
Employees who perform professional, managerial, or administrative work, typically in an office or other administrative setting.
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