Problem $16-9$ Calculating Mutual Fund Fees $[$LO$16-1]$

In the prospectus for the Brazos Aggressive Growth fund, the fee table indicates that the fund has a $12$b$-1$ fee of $0\mathrm{.}35$ percent and an expense ratio of $1\mathrm{.}55$ percent that is collected once a year on December $1.$ Joan and Don Norwood have shares valued at $$115,500$ on December $1.$

What is the amount of the $12$b$-1$ fee this year?

What is the amount they will pay for expenses this year?

Note: For all requirements, round your answers to $2$ decimal places.Problem $16-9$ Calculating Mutual Fund Fees $[$LO$16-1]$

In the prospectus for the Brazos Aggressive Growth fund, the fee table Indicates that the fund has a $12b-1$ fee of $0\mathrm{.}35$ percent and an

expense ratio of $1\mathrm{.}55$ percent that is collected once a year on December $1.$ Joan and Don Norwood have shares valued at $$115,500$ 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?

Note: For all requirements, round your answers to $2$ decimal places.

a$.12b-1$ fee

b$.$ Amount paid for expenses