Shares of exchange-traded funds can be sold _________, and shares of open-end mutual funds can be sold _________.
A)at any time during trading hours; at any time via private trading networks
B)only at the end of the day; at any time during trading hours
C)at any time via private trading networks; at any time during trading hours
D)at any time during trading hours; only at the end of the day

Question

Quizplus · Accepted Answer

Shares of exchange-traded funds (ETFs) can be bought and sold on the stock exchange at any time during trading hours, similar to stocks. In contrast, shares of open-end mutual funds are bought and sold at the net asset value (NAV) calculated at the end of the trading day, meaning they can only be sold at the end of the day.

Shares of Exchange-Traded Funds Can Be Sold _________, and Shares