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QUESTION #4 /8 (2 marks each) Answer the following questions regarding Exchange-Traded Funds (ETFs), in your own words: a. How are ETFs typically structured? b.

QUESTION #4 /8 (2 marks each) Answer the following questions regarding Exchange-Traded Funds (ETFs), in your own words:

a. How are ETFs typically structured?

b. Please describe how an in-kind exchange works?

c. What are the risks related to the composition of an ETF?

d. Why is securities lending a risk for ETFs?

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