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:
Cultural Assumption
A belief or value that is widely accepted within a culture or society, often unconsciously, and influences behavior and attitudes.
Culture
The learned and shared way of thinking and acting among a group of people or society.
Interpersonal Communication
The exchange of information, feelings, and meanings between two or more people through verbal and/or non-verbal methods.
Feedback
Information received about the effect of an action or decision, which can be used to adjust future actions or decisions.
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