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Which of the follow statements are true? I. ETFs trade intraday on the secondary market II. Open end mutual funds are priced once a day,
Which of the follow statements are true?
I. ETFs trade intraday on the secondary market
II. Open end mutual funds are priced once a day, at the end of the day
III ETFs can trade at a price that is higher or lower than the ETF's NAV
IV. Open end mutual funds can trade at a price that is higher or lower than the mutual fund's NAV
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