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1. Would you expect a typical open-end fixed-income mutual fund to have higher or lower operating expenses than a fixed-income unit investment trust? Why? 2.

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1. Would you expect a typical open-end fixed-income mutual fund to have higher or lower operating expenses than a fixed-income unit investment trust? Why? 2. What are some comparative advantages of investing in the following? a. Unit investment trusts. b. Open-end mutual funds. c. Individual stocks and bonds that you choose for yourself

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