Use the table for the question(s) below.
-Consider an ETF that is made up of one share each of IBM,MRK,and C. The current quote for this ETF currently is $168.15 (bid)$168.20 (ask).What should you do?
Definitions:
Default
The failure to fulfill an obligation, especially failing to pay back a loan on time.
Surety
is a person or entity that takes responsibility for another's performance, such as fulfilling the terms of a contract or repaying a loan.
Default
Failure to fulfill a legal obligation or agreement, such as not making a payment on a loan by the due date.
Obligation
A duty or commitment to fulfill a contractual, legal, or moral requirement.
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