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Home / Questions / The New Fund had average daily assets of $3.9 billion in the past year. New Fund’s expen...

The New Fund had average daily assets of $3.9 billion in the past year. New Fund’s expense ratio was 1.4% and the management fee was 0.7%. a. What were the total fees paid to the

The New Fund had average daily assets of $3.9 billion in the past year. New Fund’s expense ratio was 1.4% and the management fee was 0.7%.

a.

What were the total fees paid to the fund’s investment managers during the year? (Enter your answer in millions rounded to 2 decimal places.)

Total fees paid

$ million

b.

What were the other administrative expenses? (Enter your answer in millions rounded to 2 decimal places.)

Other administrative expenses

$ million

Aug 04 2021 View more View Less

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