Final. Good luck!

$1$ Multiple Choice $3\mathrm{.}5$ points

Which of the following characteristics most likely apply to ETFs?

Fixed capitalization.

Shares are always bought and sold at NAV.

Shares $($or units$)$ could be redeemed by the fund $($or trust$).$

Shares $($or units$)$ can be sold in the market.

$2,3,$ and $4.$

$1$ and $4.$

$3$ and $4.$

$2$ and $4.$

Clear my selection