SIE Exam Practice Question 1045
Question: 1045
All but which of the following are correct regarding exchange-traded notes (ETNs)?
Correct Answer: B
Explanation:
Exchange-traded notes (ETNs) are unsecured debt obligations of the issuer and typically do not make interest payments to investors. Their value is determined by the performance of an underlying index or benchmark on the ETN's maturity date, minus any specified fees, and they trade on exchanges throughout the day, similar to stocks and ETFs.
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