(A) Adequate Information: The average daily asset of the new fund in the past year accounts for $2.2 billion. The management fee accounts for 0.7% and the expense ratio accounts for 1.1% To calculate: Fees paid in total to the investment manager of the fund Introduction: Investment manager refers to the company or an individual that stands responsible for investment management on behalf of its client or a financial institution.

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Answer 1

Question

Chapter 4, Problem 23PS

Summary Introduction

(A)

Adequate Information:

The average daily asset of the new fund in the past year accounts for $2.2 billion. The management fee accounts for 0.7% and the expense ratio accounts for 1.1%

To calculate:

Fees paid in total to the investment manager of the fund

Introduction:

Investment manager refers to the company or an individual that stands responsible for investment management on behalf of its client or a financial institution.

Summary Introduction

(B)

To calculate:

Other administrative expenses paid during the year

Introduction:

A 12b-1 fee stands to be the annual distribution or marketing fee levied on the mutual fund. It is considered as an operational charge which is included under the expense ratio of the firm. It ranges between 0.25% to 1% of the net asset of the fund.

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Answer 2

Question

Chapter 4, Problem 23PS

Summary Introduction

(A)

Adequate Information:

The average daily asset of the new fund in the past year accounts for $2.2 billion. The management fee accounts for 0.7% and the expense ratio accounts for 1.1%

To calculate:

Fees paid in total to the investment manager of the fund

Introduction:

Investment manager refers to the company or an individual that stands responsible for investment management on behalf of its client or a financial institution.

Summary Introduction

(B)

To calculate:

Other administrative expenses paid during the year

Introduction:

A 12b-1 fee stands to be the annual distribution or marketing fee levied on the mutual fund. It is considered as an operational charge which is included under the expense ratio of the firm. It ranges between 0.25% to 1% of the net asset of the fund.

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Answer 3

Question

Chapter 4, Problem 23PS

Summary Introduction

(A)

Adequate Information:

The average daily asset of the new fund in the past year accounts for $2.2 billion. The management fee accounts for 0.7% and the expense ratio accounts for 1.1%

To calculate:

Fees paid in total to the investment manager of the fund

Introduction:

Investment manager refers to the company or an individual that stands responsible for investment management on behalf of its client or a financial institution.

Summary Introduction

(B)

To calculate:

Other administrative expenses paid during the year

Introduction:

A 12b-1 fee stands to be the annual distribution or marketing fee levied on the mutual fund. It is considered as an operational charge which is included under the expense ratio of the firm. It ranges between 0.25% to 1% of the net asset of the fund.

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Answer 4

Question

Chapter 4, Problem 23PS

Summary Introduction

(A)

Adequate Information:

The average daily asset of the new fund in the past year accounts for $2.2 billion. The management fee accounts for 0.7% and the expense ratio accounts for 1.1%

To calculate:

Fees paid in total to the investment manager of the fund

Introduction:

Investment manager refers to the company or an individual that stands responsible for investment management on behalf of its client or a financial institution.

Summary Introduction

(B)

To calculate:

Other administrative expenses paid during the year

Introduction:

A 12b-1 fee stands to be the annual distribution or marketing fee levied on the mutual fund. It is considered as an operational charge which is included under the expense ratio of the firm. It ranges between 0.25% to 1% of the net asset of the fund.

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Answer 5

Chapter 4, Problem 23PS

Summary Introduction

(A)

Adequate Information:

The average daily asset of the new fund in the past year accounts for $2.2 billion. The management fee accounts for 0.7% and the expense ratio accounts for 1.1%

To calculate:

Fees paid in total to the investment manager of the fund

Introduction:

Investment manager refers to the company or an individual that stands responsible for investment management on behalf of its client or a financial institution.

Summary Introduction

(B)

To calculate:

Other administrative expenses paid during the year

Introduction:

A 12b-1 fee stands to be the annual distribution or marketing fee levied on the mutual fund. It is considered as an operational charge which is included under the expense ratio of the firm. It ranges between 0.25% to 1% of the net asset of the fund.

Answer 6

Chapter 4, Problem 23PS

Summary Introduction

(A)

Adequate Information:

The average daily asset of the new fund in the past year accounts for $2.2 billion. The management fee accounts for 0.7% and the expense ratio accounts for 1.1%

To calculate:

Fees paid in total to the investment manager of the fund

Introduction:

Investment manager refers to the company or an individual that stands responsible for investment management on behalf of its client or a financial institution.

Answer 7

Chapter 4, Problem 23PS

Summary Introduction

(A)

Adequate Information:

The average daily asset of the new fund in the past year accounts for $2.2 billion. The management fee accounts for 0.7% and the expense ratio accounts for 1.1%

To calculate:

Fees paid in total to the investment manager of the fund

Introduction:

Investment manager refers to the company or an individual that stands responsible for investment management on behalf of its client or a financial institution.

Answer 8

Summary Introduction

(B)

To calculate:

Other administrative expenses paid during the year

Introduction:

A 12b-1 fee stands to be the annual distribution or marketing fee levied on the mutual fund. It is considered as an operational charge which is included under the expense ratio of the firm. It ranges between 0.25% to 1% of the net asset of the fund.

Answer 9

Summary Introduction

(B)

To calculate:

Other administrative expenses paid during the year

Introduction:

A 12b-1 fee stands to be the annual distribution or marketing fee levied on the mutual fund. It is considered as an operational charge which is included under the expense ratio of the firm. It ranges between 0.25% to 1% of the net asset of the fund.

Answer 10

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Answer 11

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Answer 12

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Answer 13

Ch. 4 - Prob. 1PS Ch. 4 - Prob. 2PS Ch. 4 - Prob. 3PS Ch. 4 - Prob. 4PS Ch. 4 - Prob. 5PS Ch. 4 - Prob. 6PS Ch. 4 - Prob. 7PS Ch. 4 - Prob. 8PS Ch. 4 - Prob. 9PS Ch. 4 - Prob. 10PS

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Chapter 4 Solutions