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Mutual funds and exchange Traded funds (ETFs) have a lot of similarities but some differences. Select the FALSE statement below: a. ETFs have become very

Mutual funds and exchange Traded funds (ETFs) have a lot of similarities but some differences. Select the FALSE statement below:

a. ETFs have become very popular in the last ten years and are a good alternative to mutual funds

b. The value of a mutual fund is calculated one time per day using the closing values of all securities in its portfolio.

c. The price of an ETF changes throughout the trading day.

d. Mutual funds are required to invest in stocks and bonds in order to be properly diversified.

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