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You are an authorized participant and notice that the Vanguard Total International Stock ETF (VXUS) is currently trading at $50. However, VXUSs NAV is $48

You are an authorized participant and notice that the Vanguard Total International Stock ETF (VXUS) is currently trading at $50. However, VXUSs NAV is $48 per share. As an authorized participant, what should you do to earn a risk-free profit?

		Buy the VXUS ETF and short the underlying assets
		Buy the underlying assets of VXUS and the VXUS ETF
		Short sell the underlying assets of VXUS and the VXUS ETF
		Buy the underlying assets of VXUS and short the VXUS ETF

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