You must choose between a no-load, open-end mutual fund with an annual expense ratio of 0.85 percent but no transaction cost or an ETF with an annual expense ratio of 0.25 percent and a transaction cost of $20.00. a. Calculate which is the lower cost alternative to purchase b. Calculate which is the lower cost to own over 6 months, if you sell after 7 percent gain. c. Calculate which is the lower cost to own over 2 years, if you achieve a 10 percent per year gain. d. Calculate which is the lower cost to own over 2 years, if you experience a 10 percent per year loss