Closed-end funds and ETFs have which of the following characteristics in common? a. Shares of both closed-end
Question:
Closed-end funds and ETFs have which of the following characteristics in common?
a. Shares of both closed-end funds and ETFs trade in the secondary market.
b. Both closed-end funds and ETFs stand ready to redeem shares.
c. The structures of closed-end funds and ETFs prevent shares from trading at a significant premium or discount to NAV.
d. Neither ETF nor closed-end fund managers receive a management fee.
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a Shares of both closedend funds and ETFs trade in the secondary market Explanation Both closedend f...View the full answer
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Related Book For 
Fundamentals Of Investments Valuation And Management
ISBN: 9781266824012
10th Edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
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