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Which of the following applies to Exchange Traded Funds? A. their shares are issued and redeemed at the sponsoring firm at the closing NAV B.

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Which of the following applies to Exchange Traded Funds? A. their shares are issued and redeemed at the sponsoring firm at the closing NAV B. none of the answers listed here. C. they often trade at large discount to their nav's D. their prices will be close to their nav's, depending on their complexity

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