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Which of the following is correct: I. Closed-end funds frequently trade at large discounts II. ETFs can trade at a premium or discount but these

Which of the following is correct:

I. Closed-end funds frequently trade at large discounts

II. ETFs can trade at a premium or discount but these tend to be small and not last for long.

A.
Only I
B.
Only II
C.
Both I and II
D.
Neither I nor II

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