uestion $21(1$ point$)$

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SEC Rule $12$b$-1$ allows managers of certain funds to deduct $\_\_\_\_\_\_\_\_\_\_$ expenses from fund assets; however, these expenses may not exceed $\_\_\_\_\_\_\_\_\_\_$ of the fund's average net assets per year.

Question $21$ options:

$1)$

marketing; $1\%$

$2)$

marketing; $5\%$

$3)$

administrative; $\mathrm{.}5\%$

$4)$

administrative; $2\%$