In the prospectus for the Brazos Small Cap fund, the fee table indicates that the fund has
Question:
In the prospectus for the Brazos Small Cap fund, the fee table indicates that the fund has a 12b -1 fee of 0.35 percent and an expense ratio of 1.65 percent that is collected once a year on December 1. If Joan and Don Norwood have shares valued at $43,000 on December 1:
a. What is the amount of the 12b-1 fee this year?
b. What is the amount they will pay for expenses this year?
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a The 12b1 fee is 15050 as ...View the full answer
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Personal Finance
ISBN: 978-1259720680
12th edition
Authors: Jack R. Kapoor, Les R. Dlabay, Robert J. Hughes, Melissa Hart
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