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Statement 1: Shares of closed-end funds can be bought and sold in the security exchange. Statement 2: Your owned shares of open-end funds can be

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Statement 1: Shares of closed-end funds can be bought and sold in the security exchange. Statement 2: Your owned shares of open-end funds can be bought from and sold to another investor. Statement 3: Shares of closed-end funds can be traded at a discount from the Net Asset Value. Statement 4: ETFs charge relatively low management fees for their active portfolio management through security analysis. Which of the above statements are most likely to be correct and incorrect? Statements 1 and 4 are correct, and Statements 2 and 3 are incorrect. Statements 1 and 2 are correct, and Statements 3 and 4 are incorrect. Statements 1 and 3 are correct, and Statements 2 and 4 are incorrect. Statements 2 and 3 are correct, and Statements 1 and 4 are incorrect

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