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Which of the following statements is not correct about Exchange traded funds (ETFs)? 1) ETFs represent shares of ownership 2) ETFs are funds an investor

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Which of the following statements is not correct about Exchange traded funds (ETFs)? 1) ETFs represent shares of ownership 2) ETFs are funds an investor can buy or sell on a stock exchange 3) ETFs limit diversification benefits 4) ETFs are open-ended

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