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10) Higher portfolio turnover: I. Results in greater tax liability for investors II. Results in greater tax cost for the fund, which managers pay for

10) Higher portfolio turnover: I. Results in greater tax liability for investors II. Results in greater tax cost for the fund, which managers pay for III. Is a characteristic of ETF 10) A) II only B) I, II, and III C) I and II only D) I only

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