a. You expect a tax-free municipal bond portfolio to provide a rate of return of 5.8%. Management fees of the fund are 0.78%. What fraction of portfolio income is given up to fees? (Round your answer to 1 decimal place.) b. If the monagement fees for an equity fund also ore 0.78\%, but you expect a portfolio return of 30.0%, what froction of portfolio income is given up to fees? (Round your answer to 1 decimal place.) c. For which fund might management fees be o bigger foctor in your investment decision? Bond fund Equity fund