Which is not an advantage of exchange-traded funds (ETFs) ?
A) Their expense ratios are lower than mutual funds
B) Because they imitate an index, there are no real research costs
C) They can be bought and sold all day long at a price that is almost exactly the net asset value of the stocks in the index
D) The assets in the portfolio are marked to market continuously
E) They are open-ended funds that have reasonably low sales expenses
Correct Answer:
Verified
Q50: Federal income tax on investment income and
Q51: In a closed-end mutual fund, shares are
Q52: A back-end load fund has:
A)no charge upon
Q53: One can purchase shares in a closed-end
Q54: _ invest entirely in short-term securities, and
Q56: Investment company shares that trade on stock
Q57: A closed-end fund might trade at a
Q58: Exchange-Traded Funds (ETFs):
A)are predominantly traded on the
Q59: Direct sources of return on a mutual
Q60: By using dollar-cost averaging,
A)the investor is attempting
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