The New Fund (from Problem 22) had an expense ratio of 1.1%, and its management fee was

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The New Fund (from Problem 22) had an expense ratio of 1.1%, and its management fee was .7%.
a. What were the total fees paid to the fund's investment managers during the year?
b. What were the other administrative expenses?

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Essentials of Investments

ISBN: 978-0077835422

10th edition

Authors: Zvi Bodie, Alex Kane, Alan J. Marcus

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Question Posted: Nov 30, 2017 10:07 AM

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The New Fund (from Problem 22) had an expense ratio of 1.1%, and its management fee was

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a Fees paid to investment managers were 07 22 billi...View the full answer

Essentials of Investments

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