How is an ETF similar to a closed-end fund?
A) Shares can be traded on a securities exchange.
B) An investor can purchase as little as one share of a fund.
C) Prices for shares are determined by supply and demand, the value of stocks and other investments contained in the fund's portfolio, and by investor expectations.
D) Shares can be traded in the over-the-counter market.
E) All of these are correct.
Correct Answer:
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