However, investors can see the premium or discount prices of ETFs on the web site of the company that sells them. a What are the differences between ETFs and traditional mutual funds? b Why are some...

However, investors can see the premium or discount prices of ETFs on the web site of the company that sells them. a What are the differences between ETFs and traditional mutual funds? b Why are some ETFs preferable to others? c Why do you need to keep an eye on an ETF’s net asset value (NAV) throughout the day but not so for a traditional mutual fund? d What happens to the spreads of ETFs during up markets and during down markets? What impact would that have on the investor? e What is the role of a “price limit” as opposed to a “market order” in an ETF?