the area under the curve. 17 0/5 points Which of the following statements is most likely an incorrect statement? Closed-end funds redeem or issue shares on demand and their price can be different from the net asset value (NAV). O Active funds have underperformed the index on average, even after adjusting the index returns for trading costs and management fees. A back-end load is a redemption or "exit" fee incurred when you sell your shares. O ETFs trade continuously or an exchange. 18 0/5 points What is most likely a correct order in which an efficient portfolio can be constructed