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Which of the following statement is NOT correct? None of the above Spread is a trading cost for investors when trading common stocks 12b-1 Fee

Which of the following statement is NOT correct?

None of the above

Spread is a trading cost for investors when trading common stocks

12b-1 Fee is not a trading cost for investors when trading common stocks

When buying on margin, if margin is greater than Initial Margin Requirement, a margin call will occur

ETFs have gain popularity during the past 10 years

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