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 2 shares of Hewlett-Packard (HPQ), 1 share of S (SHLD), and 3 shares of General Electric (GE). Suppose the current stock prices of each individual stock are as shown here: Stock HPQ SHLD GE Current Market Price $28 $40 $14 a. What is the price per share of the ETF in a normal market? b. If the ETF currently trades for $120, what arbitrage opportunity is available? What trades would you make? (Ignore any transaction costs.) c. If the EFT currently trades for $150, what arbitrage opportunity is available? What trades would you make? (Ignore any transaction costs.) a. What is the price per share of the ETF in a normal market? The price per share of the ETF in a normal market is $ (Round to the nearest dollar.) b. If the ETF currently trades for $120, what arbitrage opportunity is available? What trades would you make? (Select the best choice below.) O A. Buy one share of the ETF and sell 2 shares of HPQ, 1 share of SHLD, and 3 shares of GE. O B. Buy 2 shares of HPQ, 1 share of SHLD, and 3 shares of GE, and sell one share of the ETF. O C. Buy 2 shares of HPQ and 1 share of SHLD. Sell a share of the ETF and two shares of GE. OD. Although an arbitrage opportunity exists, it is impossible based on the information to tell how to construct it