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How is an ETF similar to a closed-end fund? Question 13Select one: A. Shares can be traded on a securities exchange.
How is an ETF similar to a closed-end fund?\ \ Question 13Select one:\ \ A.\ Shares can be traded on a securities exchange.\ \ \ B.\ Shares can be traded in the over-the-counter market.\ \ \ C.\ All of these are correct.\ \ \ D.\ Prices for shares are determined by supply and demand, the value of stocks and other investments contained in the funds portfolio, and by investor expectations.\ \ \ E.\ An investor can purchase as little as one share of a fund.
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