Under the Investment Company Act, which TWO of the following statements are NOT TRUE regarding the redemption of mutual fund shares?
I The investor will receive the net asset value as previous day's close.
II The investor will receive the next computed net asset value after the order is entered.
III The fund must pay the investor within seven days of receipt of the redemption.
IV The fund must pay the investor within three days of redemption.
QID:2330601
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A) II and III
B) I and IV
C) II and IV
D) I and III