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Which is true of exchange-traded funds (ETFs)? a. The distributor can create new shares or redeem old shares. b. They are just like closed-end funds.

Which is true of exchange-traded funds (ETFs)?

a. The distributor can create new shares or redeem old shares.

b. They are just like closed-end funds.

c. Only a few of the major U.S. indexes have their own ETFs.

d. You cannot trade on an intraday basis

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