Unformatted text preview: three shares of GE. Total profit for such transaction is $18. c. If the ETF trades for $150, an arbitrage opportunity is also available. It can be realized by buying two shares of HPQ, one share of SHLD, and three shares of GE, and selling one share of the ETF for $150. Total profit would be $12....
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- Winter '11
- Microeconomics, arbitrage opportunity