The value of Mike Jacksons shares in the New Frontiers Technology Fund is $63,200. The management fee
Question:
The value of Mike Jackson’s shares in the New Frontiers Technology Fund is $63,200. The management fee for this particular fund is 0.60 percent of the total asset value. Calculate the management fee Mike must pay this year.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Focus On Personal Finance
ISBN: 9781265521974
7th Edition
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Melissa Hart
Question Posted: