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A mutual fund with $100 million in assets under management incurs the following expenses. What is the fund's Management Expense Ratio? Management expenses: $2,000,000 Brokerage fees: $250,000 Adviser compensation: $800,000 Administrative costs: $200,000 Total: $2,250,000 Select one: Oa. 3.25% O b. 3.00% O c. 3.05% O d. 2.45%

A mutual fund with $100 million in assets under management incurs the following expenses. What is the fund's Management Expense Ratio? Management expenses: $2,000,000 Brokerage fees: $250,000 Adviser compensation: $800,000 Administrative costs: $200,000 Total: $2,250,000 Select one: Oa. 3.25% O b. 3.00% O c. 3.05% O d. 2.45%

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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A mutual fund with $100 million in assets under management incurs the following expenses. What is the fund's Management Expense Ratio? Management expenses: $2,000,000 Brokerage fees: $250,000 Adviser compensation: $800,000 Administrative costs: $200,000 Total: $2,250,000 Select one: Oa. 3.25% O b. 3.00% O c. 3.05% O d. 2.45%
Transcribed Image Text:A mutual fund with $100 million in assets under management incurs the following expenses. What is the fund's Management Expense Ratio? Management expenses: $2,000,000 Brokerage fees: $250,000 Adviser compensation: $800,000 Administrative costs: $200,000 Total: $2,250,000 Select one: Oa. 3.25% O b. 3.00% O c. 3.05% O d. 2.45%
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