Which one of the following statements about Exchange-Traded Fund (ETF) is not correct?_x005F_x000D_

An ETF does not have its net asset value calculated once at the end of every day.

It experiences price changes throughout the day.

It typically has lower daily liquidity and higher fees than mutual fund shares.

Which one of the following statements about Exchange-Traded Fund (ETF)

1.	Which one of the following statements about Exchange-Traded Fund (ETF) is not correct?_x005F_x000D_
A.	It is a marketable security.
B.	It experiences price changes throughout the day.
C.	It typically has lower daily liquidity and higher fees than mutual fund shares.
D.	An ETF does not have its net asset value calculated once at the end of every day.
Answer» D. An ETF does not have its net asset value calculated once at the end of every day.