Save Answer Question 9 1 points if Juan Torry is a portfolio manager and he tells you that he follows an "indexing" investment style, which of the following statements best explains his strategy? Low-cost, short-term, buy-and-hold High-cost, long-term, active trading High cost short term, active trading Low-cost, long-term, buy-and-hold Question 8 1 points Save Answer What is the "Management Expense Ratio (MERT for a mutual fund with total fees and expenses during 2020 of $5,000,000 and an average net asset value of the fund for the year of $250,000,000? 0.2% 1.2% 2.0% 4.0%