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chapter17 Q16 Expense Ratio. Mark owns a mutual fund with a NAV of $47.63 per share and expenses of $0.63 per share. What is the

chapter17 Q16 image text in transcribed
Expense Ratio. Mark owns a mutual fund with a NAV of $47.63 per share and expenses of $0.63 per share. What is the expense ratio for Mark's mutual fund? The expense ratio for Mark's mutual fund is \%. (Round to two decimal places.)

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