Answered step by step
Verified Expert Solution
Question
1 Approved Answer
#8 Calculating 126-1 Fees. Jane Ramirez owns shares in the Touchstone Small Cap fund that have a current value of $19,250. The fund charges an
#8 Calculating 126-1 Fees. Jane Ramirez owns shares in the Touchstone Small Cap fund that have a current value of $19,250. The fund charges an annual 12b-1 fee of 0.25 percent. What is the amount of the 12b-1 fee Ms. Ramirez must pay
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started