Explain the difference between a mutual fund and an exchange traded fund. Discuss load vs no-load funds. How do loads and fees affect investment returns?

Difference between exchange traded funds (ETF) and mutual funds:
One of the major differences between mutual funds and ETF is trading methodology. The mutual funds are traded at day end price whereas ETF are traded intra- day. If an investor buys or sells mutual funds, then he will get the price NAV at trading day end only. NAV of underlying asset. In case of ETF, the trade can be done intra-day and the investor can take advantage of price movements during trading day (Kent Thune, 2019). Another difference is that the investor can orders stocks...