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 1 share of Hewlett-Packard (HPQ), 1 share of Sears (SHLD), and 4 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 $33 $45 $18 a. What is the price per share of the ETF in a normal market? b. If the ETF currently trades for $132, what arbitrage opportunity is available? What trades would you make? (Ignore any transaction costs.) c. If the EFT currently trades for $162, 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 $132, 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 1 share of HPQ, 1 share of SHLD, and 4 shares of GE. O B. Buy 1 share of HPQ, 1 share of SHLD, and 4 shares of GE, and sell one share of the ETF. O c. Buy 1 share 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. c. If the EFT currently trades for $162, what trades would you make? (Select the best choice below.)