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), 3 shares of Sears (SHLD), and 4 shares of General Electric (GE). Suppose the current stock prices of each individual stock are as shown here Stock HPO SHLD GE Current Market Price $31 $42 $19 a. What is the price per share of the ETF in a normal market? b. If the ETF currently trades for $246, what arbitrage opportunity is available? What trades would you make? (lgnore any transaction costs.) c. If the EFT currently trades for $276, 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) blfthe ETF currently trades for $246, what arbitrage opportunity is available? What trades would you make? (Select the best choice below.) 0 A. Buy 2 shares of HPQ. 3 shares of SHLD, and 4 shares of GE, and sell one share of the ETF O B. Buy 2 shares of HPQ and 3 shares of SHLD. Sell a share of the ETF and two shares of GE O C. Buy one share of the ETF and sell 2 shares of HPQ, 3 shares of SHLD, and 4 shares of GE O D. Although an arbitrage opportunity exists, it is impossible based on the information to tell how to construct it. c. If the EFT currently trades for $276, what trades would you make? (Select the best choice below.)