Arthur is contemplating whether to inwest $1.000 in individual stocks or in a mutual fund, Which of the following correctly compares these options?
a. Only with a mutual fund will he retain the services of a professional investment manager
b. He is more likely to make a good return if he carefully selects an indlvidual stock
c. His portfolio will be more diversified it he buys five individual stocks than one mutual fund.
d. Fees will be higher if he buys individual stocks than if he invests in a mutual fund.