Fixed-income ETFs are far more efficient than individual bonds for managing
liquidity risk. The shares are extremely liquid, and are available for a wide
range of maturities, markets, and credit quality. You should be able to find one
that closely matches the broad characteristics you want (although perhaps not
the specific, idiosyncratic characteristics of individual bonds). Given statement is incorrect or correct, justify with reasons?
What was your answer? What was the official answer? Why did you disagree wiith it?