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:
Timeline
A visual representation or chronological sequence of events, used to track the progression and milestones within a particular period or project.
Depleted
Reduced in quantity, intensity, or strength; exhausted of resources or contents.
Gratitude
The quality of being thankful; readiness to show appreciation for and to return kindness.
Thank-you Letter
A written expression of gratitude, typically sent to someone who has provided a service, gift, or opportunity.
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