Goodwin Ross MidCap Growth is a fund that lets its investors buy ownership in a market basket that contains different securities. The fund's market basket has a composition that is similar to the composition of the Dow Jones Industrial Average stock index. In this scenario, Goodwin Ross MidCap Growth is a(n) _____.
A. offshore fund
B. open-end mutual fund
C. hedge fund
D. exchange-traded fund
Answer: D
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What will be an ideal response?
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A. individuals B. groups C. organizations D. all of the above