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Which of the following statements regarding exchange-traded funds (ETFs) is least likely to be accurate? Question 39 options: ETFs can be traded during the day

Which of the following statements regarding exchange-traded funds (ETFs) is least likely to be accurate?

Question 39 options:

ETFs can be traded during the day at market values that reflect the underlying index values.

ETFs are more tax efficient than open-end mutual funds.

ETFs cannot be purchased with margin accounts.

ETFs can be sold short.

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