In the prospectus for the Brazos Small Cap Fund, the fee table indicates that the fund has

Question:

In the prospectus for the Brazos Small Cap Fund, the fee table indicates that the fund has a 12b -1 fee of 0.35 percent and an expense ratio of 1.65 percent that is collected once a year on December 1. If Joan and Don Norwood have shares valued at $31,000 on December 1:
a. What is the amount of the 12b-1 fee this year?
b. What is the amount they will pay for expenses this year?