Which of the following characteristics apply to exchange-traded funds (ETFs)?
I. unlimited number of outstanding shares
II. typically track the performance of some index
III. market prices reflect demand for the fund rather than NAV.
IV. shares are purchased from and redeemed by the investment company managing the fund.
A) I and II only
B) II and III only
C) I, II and III only
D) I, II and IV only
Answer: A
You might also like to view...
____ are formal methods for testing the effectiveness of a training program, preferably with before-and-after tests and a control group.
Fill in the blank(s) with the appropriate word(s).
Joseph bought 100 shares of stock at a price of $24 a share. He used his 70% margin account to make the purchase
Joseph sold his stock after a year for $20 a share. Ignoring margin interest and trading costs, what is Joseph's return on investor's equity for this investment? A) -17% B) -24% C) 24% D) -56%