When you are buying shares of an exchange traded fund (ETF) you purchase your shares at which price? OA. Average between the Bid and Ask Price B. NAV (Net Asset Value) C. Bid Price D. Ask Price OE. More information is needed to answer this question

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
7th Edition
ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter13: Investing In Mutual Funds, Etfs, And Real Estate
Section: Chapter Questions
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When you are buying shares of an exchange traded fund (ETF) you purchase your shares at which price?
***
OA. Average between the Bid and Ask Price
OB. NAV (Net Asset Value)
OC. Bid Price
O D. Ask Price
OE. More information is needed to answer this question
Transcribed Image Text:When you are buying shares of an exchange traded fund (ETF) you purchase your shares at which price? *** OA. Average between the Bid and Ask Price OB. NAV (Net Asset Value) OC. Bid Price O D. Ask Price OE. More information is needed to answer this question
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