When the net asset value of an ETF is higher than its market price, which of the following(s) would likely to happen: 1. Authorized participants buy ETF shares from the ETF sponsor in exchange of the basket of securities in the ETF's portfolio. II. Authorized participants redeem ETF shares from the ETF sponsor and obtain the basket of securities in the ETF's portfolio. III. Arbitrageurs buy ETF shares and short the underlying securities in the exchange IV. Arbitrageurs short ETF shares and buy the underlying securities in the exchange O A. Only 1 O B. Only 11 O c. II and III O D. II and IV O E. I and IV