Use the information for 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 International Business Machines (IBM),three shares of Merck (MRK),and three shares of Citigroup Inc.(C).Suppose the current market price of each individual stock are shown below: 
-Assume that the ETF is trading for $366.00,what (if any)arbitrage opportunity exists? What (if any)trades would you make?
Definitions:
Negative Critical Thinking
The process of identifying flaws or problems in arguments or strategies by focusing on potential downsides.
Strong Critical Thinking Skills
Refers to advanced abilities in analyzing, evaluating, and synthesizing information to make reasoned judgments.
Ethical Life
A way of living that consistently reflects one's moral values and ethical principles.
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