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You have $ 6 , 6 0 0 . 0 0 to invest and must choose between a no - load, open - end mutual
You have $ to invest and must choose between a noload, openend mutual fund with an annual expense ratio of percent but no transaction cost and an ETF with an annual expense ratio of percent and a transaction cost of $ A The cost is $ to purchase the ETF versus $ to purchase the noload fund. Regardless of the initial investment amount, the lower cost alternative to purchase is the ETF. B The cost is $ to purchase the noload fund versus $ to purchase the ETF. Regardless of the initial investment amount, the lower cost alternative to purchase is the noload, openend mutual fund. b If you hold the mutual fund for months and sell after a month gain of the net proceeds associated with the noload fund are $ Round to the nearest cent. If you hold the mutual fund for months and sell after a month gain of the net proceeds associated with the ETF are $Round to the nearest cent. c If you hold the mutual fund for year and sell after a year gain of the net proceeds associated with the noload fund are $Round to the nearest cent. If you hold the mutual fund for year and sell after a year gain of the net proceeds associated with the ETF are $Round to the nearest cent. d If you hold the mutual fund for year and sell after a year loss of the net proceeds associated with the noload fund are $Round to the nearest cent. If you hold the mutual fund for year and sell after a year loss of the net proceeds associated with the ETF are $Round to the nearest cent. 
You have $ to invest and must choose between a noload, openend mutual fund with an annual expense ratio of percent but no transaction cost and an ETF with an annual expense ratio of percent and a transaction cost of $
A The cost is $ to purchase the ETF versus $ to purchase the noload fund. Regardless of the initial investment amount, the lower cost alternative to purchase is the ETF.
B The cost is $ to purchase the noload fund versus $ to purchase the ETF. Regardless of the initial investment amount, the lower cost alternative to purchase is the noload, openend mutual fund.
b If you hold the mutual fund for months and sell after a month gain of the net proceeds associated with the noload fund are $ Round to the nearest cent.
If you hold the mutual fund for months and sell after a month gain of the net proceeds associated with the ETF are $Round to the nearest cent.
c If you hold the mutual fund for year and sell after a year gain of the net proceeds associated with the noload fund are $Round to the nearest cent.
If you hold the mutual fund for year and sell after a year gain of the net proceeds associated with the ETF are $Round to the nearest cent.
d If you hold the mutual fund for year and sell after a year loss of the net proceeds associated with the noload fund are $Round to the nearest cent.
If you hold the mutual fund for year and sell after a year loss of the net proceeds associated with the ETF are $Round to the nearest cent.
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