Check my work 7 was 0.7% The New Fund had average daily assets of $3.9 billion in the past year. New Fund's expense ratio was t4% and the maragement tee a. What were the total toes paid to the funds Investment managers during the year? (Enter your answer in millions rounded to 2 10 pois decimal places) Tales mission Prire men b. What were the other administrative expenses? Enter your answer in millions rounded to 2 decimal places) Otherwise Check my work 9 The stock of Business Adventures sells for $70 a share Its likely dividend payout and end of year price depend on the state of the economy by the end of the year as follows: 12.5 points Boon Bora con Recession Divide 32250 1.30 0.90 Rok Pete 978 75 60 eBook P a. Calculate the expected holding period return and standard deviation of the holding period retum. All three scenarios are equally likely (Do not round Intermediate calculations. Round your answers to 2 decimal places) Teferences Expected retum Standard deviation b. Calculate the expected return and standard deviation of a portfolio invested hair in Business Adventures and half in Treasury bills The return on bis is 5% (Do not round Intermediate calculations. Round your answers to 2 decimal places.) Expected motum Stancard deviation ME 12