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courtneyjuma courtneyjuma
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2 years ago
Which of the following characteristics apply to exchange-traded funds (ETFs)?

I.Unlimited number of outstanding shares.
II.Typically track the performance of some index.
III.Market prices reflect demand for the fund rather than NAV.
IV.Shares are purchased from and redeemed by the investment company managing the fund.


▸ I and II only

▸ II and III only

▸ I, II and III only

▸ I, II and IV only
Textbook 
Fundamentals of Investing

Fundamentals of Investing


Edition: 14th
Authors:
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anitasaganitasag
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#1
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2 years ago
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courtneyjuma Author
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2 years ago
You make an excellent tutor!
cipcal
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Yesterday
Thank you, thank you, thank you!
Cdfields
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2 hours ago
this is exactly what I needed
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