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. a. Calculate which is the lower cost alternative to purchase. b. Determine the lower cost to own over six months, if you sell after a 6 percent gain. Assume you invested $4,500. nr in An VIPin y $4,500. c. Calculate which is the lower cost to own over two years, if you achieve a 6 percent per year gain. Assume you invested $4,500 d. Calculate which is the lower cost to own over two years, if you experience a 8 percent per year loss. Assume you invested $4,500