The New Fund had average daily assets of $7.5 billion in the past year. New Fund's...

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The New Fund had average daily assets of $7.5 billion in the past year. New Fund's expense ratio was 0.75% and the management fee was 0.50%. Required: a. What were the total fees paid to the fund's investment managers during the year? b. What were the other administrative expenses? The New Fund had average daily assets of $7.5 billion in the past year. New Fund's expense ratio was 0.75% and the management fee was 0.50%. Required: a. What were the total fees paid to the fund's investment managers during the year? b. What were the other administrative expenses?

Answer rating: 100% (QA)

a To calculate the total fees paid to the funds investment managers during ... View the full answer