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Complete a-c An Exchange Traced Fund (ETF) is a security that represents a portfolio of individual stocks. Consider an ETF for which each share represents

Complete a-c
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An Exchange Traced 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 Howint Packard (HPO) 1 share of Sears (SHD) and 3 shares of Goteral Electric (CE), Suppose the curent stock prices of each individual stock are as shown here Stock Current Market Price 120 HPQ SHLD GE $40 $14 a. What is the price per share of the ETF in a normal market? b. If the ETF currenty trades for $120, what arbitrage opportunity is available? What trades would you make? (lonom any transaction costs) c. the EFT currenty traces for $150, what arbitrage opportunity is available? What tades would you make? (gnom 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 east coa)

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