12. Calculating Fees (LO2, CFA2) In Problem 11, suppose the annual operating expense ratio for the mutual

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12. Calculating Fees (LO2, CFA2) In Problem 11, suppose the annual operating expense ratio for the mutual fund is .75 percent and the management fee is .45 percent. How much money did the fund’s management earn during the year? If the fund doesn’t charge any 12b-1 fees, how much were miscellaneous and administrative expenses during the year?

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