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Explain the main features of exchange traded funds, including the creation/redemption process. - What are...

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Finance

Explain the main features of exchange traded funds, including the creation/redemption process. - What are the advantages of an ETF relative to open-end and closed-end investment companies? - Explain what is meant when exchange traded funds are said to be actively managed funds. - Explain the role of the authorized participant in an ETF.

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