You have S5000 to invest and must choose between ano-load, open-end mutual fund with an annual expense ratio of 0.60 percent but no transaction cost and an ETF with an annual expense ratio 0.3 of percent and a transaction cost of $20. a. Calculate which is the lower cost alternative to purchase. b. Calculate the net proceeds associated with each option if you hold the mutual fund for 6 months and sell after a gain of percent per 6 months. c. Calculate the net proceeds associated with each option if you hold the mutual fund for year and achieve a gain of percent per year. d. Calculate the net proceeds associated with each option if you hold the mutual fund for year and experience a loss of percent per year. a. Calculate which is the lower cost alternative to purchase. (Select the best answer below.) A.The cost is $0 to purchase the no-load fund versus 520 to purchase the ETF. Regardless of the initial investment amount, the lower cost alternative to purchase is the no-load, open-end mutual fund. B. The cost is S0 to purchase the ETF versus $20 to purchase the no-load fund. Regardless of the initial investment amount, the lower cost alternative to purchase is the ETF. b. If you hold the mutual fund for 6 months and sell after a 6-month gain of 11%, the net proceeds associated with the no-load fund are S ________ .(Round to the nearest cent.) If you hold the mutual fund for 6 months and sell after a 6-month gain of 11%, the net proceeds associated with the ETF are S ______ . (Round to the nearest cent.) c. If you hold the mutual fund for 1 year and sell after a 1-year gain of 10%, the net proceeds associated with the no-load fund are S ______ (Round to the nearest cent.) If you hold the mutual fund for 1 year and sell after a 1-year gain of 10%, the net proceeds associated with the ETF are S _______ . (Round to the nearest cent.) d. If you hold the mutual fund for 1 year and sell after a 1year loss of 8%, the net proceeds associated d. If you hold the mutual fund for 1 year and sell after a 1-year loss of 8%, the net proceeds associated with the no-load fund are S _____ (Round to the nearest cent.) If you hold the mutual fund for 1 year and sell after a 1-year loss of 8%, the net proceeds associated with the ETF are S _____ (Round to the nearest cent.)