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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?
Catharsis
A process of releasing, and thereby providing relief from, strong or repressed emotions, often through art, drama, or conversation.
Displacement
A defense mechanism where the mind substitutes either a new aim or a new object for goals felt in their original form to be dangerous or unacceptable.
Sublimation
A defense mechanism where socially unacceptable impulses or ideals are transformed into socially acceptable actions or behaviors.
Parent-Child Attachment
Refers to the emotional bond that develops between a child and their caregiver, influencing the child's developmental and psychological well-being.
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