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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:
-Pfizer Inc.(PFE) stock is currently trading on the NYSE with a quoted bid of $18.35 and an ask price of $18.40.At the same time NASDAQ dealers are posting for following bid and ask prices for PHE: Which of these NASDAQ represents an arbitrage opportunity when compared to the NYSE quotes?
Motivated Behavior
Activities or actions prompted by internal drives or external incentives, aimed at achieving a specific goal or satisfying a need.
Maintain Body Temperature
The physiological process by which an organism keeps its body within a certain temperature range, even when the external temperature varies.
Awareness
The knowledge, perception, or recognition of a situation, condition, or fact, often of something within oneself.
Homeostatic Mechanism
Process that maintains critical body functions within a narrow, fixed range.
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