Instructions The following questions are based on the following info management fee The S-fund had average daily assets of 1 billion in the past year. The fund sold 300 million and purchased 400 million worth of stock during the year. The fund had an expense ratio of 1% and it management fee is 0.25% Answer the following questions: 13 Spolos where the total fee paid to the fund's investment managers during the year? 5,000,000 7.500.000 10.000.000 2.500.000 Instructions The following questions are based on the following info. 12 management fee The S-fund had average daily assets of 1 billion in the past year. The fund sold 300 million and purchased 400 million worth of stock during the year. The fund had an expense ratio of 1% and it management fee is 0.25% Answer the following questions: 5 points What is the turnover ratio 0.7 0.3 0.1 O 0,4