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35. Exchange-traded funds (ETFs) and conventional mutual funds have the following characteristics: A) ETFs are quoted at their NAV once a day; conventional funds are

image text in transcribed 35. Exchange-traded funds (ETFs) and conventional mutual funds have the following characteristics: A) ETFs are quoted at their NAV once a day; conventional funds are quoted continuously through the day B) Both ETFs and conventional funds are quoted at their NAV once a day C) Both ETFs and conventional funds are quoted continuously throughout the day D) Conventional funds are quoted at their NAV once a day; ETFs are quoted continuously through the day E) It depends on the type of securities held by the ETF or the conventional fund

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