Use the Following Information to Answer the Question(s)below

question 8

Essay

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 $1300,what arbitrage opportunity is available? What trades would you make?

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Definitions:

Control Panel

A component of the operating system that allows users to modify system settings and control hardware and software features.

Administrator Privileges

The highest level of permission on a computer or network, granting the ability to make changes that affect other users or the security of the system.

Asterisk

A symbol (*) used to indicate an annotation or to signify multiplication in mathematics.

Control Panel

A component of the operating system interface that allows users to modify system settings and control hardware and software features.