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QUESTION 6 Suppose an ETF has a NAV of $5 at t= 0 and the fund sells at a discount of 0.5% to NAV. At

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QUESTION 6 Suppose an ETF has a NAV of $5 at t= 0 and the fund sells at a discount of 0.5% to NAV. At t= 1, the fund's NAV is $6.2 and the fund sells at a discount of 0.2% to NAV. Further suppose that the ETF distributed $1.50 dividends per share from the underlying portfolio companies at t= 1. In retrospect, what would have been the best trading strategy? O A. Invest directly in the ETF's underlying portfolio; the return is 5496. OB. Invest in the ETF; the return is 54.596. OC. Invest directly in the ETF's underlying portfolio; the return is 53.0%. O D. Invest in the ETF; the return is 53.596

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