Question
1. Suppose that an ETF trades at a price below its net asset value. Describe what authorized participants (APs) could do to take advantage of
1. Suppose that an ETF trades at a price below its net asset value. Describe what authorized participants (APs) could do to take advantage of this discrepancy. What would be the likely effect of the APs actions?
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Continuous Time Finance
Authors: Robert C. Merton
1st Edition
0631185089, 978-0631185086
