When an agent explains mutual funds to a prospective investor, which of the following statements may be made?
A) Mutual fund shares are liquid and may be switched from fund to fund without tax liability.
B) The redemption value of mutual fund shares fluctuates according to the fund's portfolio value.
C) Mutual funds must make payment within 7 days of a redemption request and guarantee a return of the original investment.
D) A fund always redeems shares at NAV, with little chance of a financial loss.