A customer is interested in an exchange-traded fund (ETF). With regard to the trading of ETFs, the customer should be aware that:
ETFs can be purchased throughout the trading day.
ETFs use forward pricing, as all mutual funds do.
real-time quotes are available for ETFs.
the NAV calculated at the end of the day, plus a sales charge, will equal the trading price.
A) I and III.
B) I and IV.
C) II and III.
D) II and IV.
Answer: A) I and III.