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1. Law of one price: A financial adviser sends you an introductory offer. If you sign up for a brokerage account and pay USD 2750 you will receive one share each in Apple, Alphabet, Amazon, and Facebook.

a. What are market closing prices for the four stocks on 1/17/2018.

b. What is the value of this offer? What should you do? What do you do if you don't have USD 2750?

c. If the financial adviser has made the same offer to lots of customers, what do you expect to happen?

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