Which of the following are important to investors evaluating direct participation programs? 1. The economic soundness of the program II. The expertise of the general partner 11. The basic objectives of the program IV. The start-up costs I, II, and IV I, II, and Ill II, HI, and IV 1, II, III, and IV QUESTION 39 All of the following items must be included on a trade confirmation EXCEPT e the price of the security o the customer's signature the customer's account number o the commission, if the trade took place on an agency basis QUESTION 40 Which of the following are true about the annuitization of a variable annuity? 1. The value of the annuity units is fixed. 11. The number of annuity units is fixed. II. The value of the annuity units varies. IV. The number of annuity units varies. None of the provided answers are correct ll and III I and IV and Il