Would you expect a typical open-end fixed-income mutual fund to have higher or lower operating expenses than a fixed-income unit investment trust? Why?

Personal Finance
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ISBN:9781337669214
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Chapter15: Mutual And Exchange Traded Funds
Section15.4: How To Select The Funds In Which
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Would you expect a typical open-end fixed-income mutual fund to have higher or lower operating expenses than a fixed-income unit investment trust? Why?

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