FoundationNumeric answer
An ETF trading rich · Part 1 of 3
An ETF’s basket is worth $100.00 per share and the ETF trades at $100.30. An authorised participant can create 50,000 ETF shares for a $500 fee plus 2 basis points of cost to buy the basket.
What premium does the ETF trade at, in per cent?
Answer with a number. Fractions, powers and expressions like 23/6 or C(52,5) are read correctly in practice.
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