You have $$6,600\mathrm{.}00$ to invest and must choose between a no$-$load, open$-$end mutual fund with an annual expense ratio of $0\mathrm{.}85$ percent but no transaction cost and an ETF with an annual expense ratio of $0\mathrm{.}30$ percent and a transaction cost of $$20\mathrm{.}00.$

A$.$ The cost is $$0$ to purchase the ETF versus $$20$ to purchase the no$-$load fund. Regardless of the initial investment amount, the lower cost alternative to purchase is the ETF.

B$.$ The cost is $$0$ to purchase the no$-$load fund versus $$20$ 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$.$ If you hold the mutual fund for $6$ months and sell after a $6-$month gain of $8\%,$ the net proceeds associated with the no$-$load fund are $ $($Round to the nearest cent.$)$

If you hold the mutual fund for $6$ months and sell after a $6-$month gain of $8\%,$ the net proceeds associated with the ETF are $$.($Round to the nearest cent.$)$

c$.$ If you hold the mutual fund for $1$ year and sell after a $1-$year gain of $6\%,$ the net proceeds associated with the no$-$load fund are $$.($Round to the nearest cent.$)$

If you hold the mutual fund for $1$ year and sell after a $1-$year gain of $6\%,$ the net proceeds associated with the ETF are $$,.($Round to the nearest cent.$)$

d$.$ If you hold the mutual fund for $1$ year and sell after a $1-$year loss of $5\%,$ the net proceeds associated with the no$-$load fund are $$.($Round to the nearest cent.$)$

If you hold the mutual fund for $1$ year and sell after a $1-$year loss of $5\%,$ the net proceeds associated with the ETF are $$.($Round to the nearest cent.$)$