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Which of the following best describe why ETF share prices are unlikely to deviate from their NAV by a substantial amount? Authorized participants will arbitrage

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Which of the following best describe why ETF share prices are unlikely to deviate from their NAV by a substantial amount? Authorized participants will arbitrage the mispricing The ETF managers are manipulating prices to keep prices close to NAV ETF's are open-end funds and therefore the price must be equal to NAV Markets are highly efficient so there are rarely mispriced assets in general

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