Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 08, 2024

Jane Ramirez owns shares in the Touchstone Health and Biotechnology Fund that have a current value of $20,200. The fund charges an annual 12b-1 fee

Jane Ramirez owns shares in the Touchstone Health and Biotechnology Fund that have a current value of $20,200. The fund charges an annual 12b-1 fee of 0.60 percent. What is the amount of the 12b-1 fee Ms. Ramirez must pay? (Round your answer to 2 decimal places.)

12b-1 fee $

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered 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

Students also viewed these Finance questions

Question

=+ (d) Show that lim_ __ sup ,, E,Ilf -f_I] = 0 (see (5.46) for the notation).

Answered: 1 week ago

Question

★★★★★

Adair Corporation produces products that it sells for $12 each. Variable costs per unit are $5, and annual fixed costs are $140,000. Adair desires to earn a profit of $21,000. Required a. Use the...

Answered: 1 week ago

Question

★★★★★

You are given the following projected cash flows: Year CF (in thousands) 0 -175 1 25 2 35 3 40 4 45 5 75 6 75 Find the discounted payback period (given that the cost of capital = 11%). If your...

Answered: 1 week ago

Question

★★★★★

Strom Inc, provided interior design services for $ 1 7 0 , 0 0 0 to customers using debit cards. Assume the bank charges 0 . 5 % for all debit card transactions. Which of the following is correct? a...

Answered: 1 week ago

Question

★★★★★

A newly formed task force to determine how many nurses are needed on each shift meets each week. The task force performance depends on the sum of individual performance, known as [ Select ] ....

Answered: 1 week ago

Question

★★★★★

Consider a game in which two students simultaneously choose effort levels span style="font-family: CambriaMath;font-size:8pt;color:rgb(0,0,0);font-style:normal;font-variant:normal;">, span...

Answered: 1 week ago

Question

★★★★★

You own a fast food business that only serves burgers, fries, and soft drinks. Part 1: Create a process flow chart for the order process from the time the customer approaches the counter to the time...

Answered: 1 week ago

Question

★★★★★

A politician develops legislation to increase economic equity. Their opponent refutes the legislation, saying, "He is a billionaire, so how can his policy be legitimate?" What kind of misdirection...

Answered: 1 week ago

Question

★★★★★

Please read the article in the link below and answer the questions. https://kdvr.com/news/macys-typo-leads-to-1500-necklace-being-sold-for-47/ Macy's typo leads to $1,500 necklace being sold for $47...

Answered: 1 week ago

Previous Question Next Question

Question

Jane Ramirez owns shares in the Touchstone Health and Biotechnology Fund that have a current value of $20,200. The fund charges an annual 12b-1 fee

Jane Ramirez owns shares in the Touchstone Health and Biotechnology Fund that have a current value of $20,200. The fund charges an annual 12b-1 fee of 0.60 percent. What is the amount of the 12b-1 fee Ms. Ramirez must pay? (Round your answer to 2 decimal places.) 12b-1 fee $

Step by Step Solution

Step: 1

Get Instant Access with AI-Powered Solutions

Step: 2

Step: 3

Ace Your Homework with AI

Students also viewed these Finance questions

Question

Question

Question

Question

Question

Question

Question

Question

Question

Jane Ramirez owns shares in the Touchstone Health and Biotechnology Fund that have a current value of $20,200. The fund charges an annual 12b-1 fee of 0.60 percent. What is the amount of the 12b-1 fee Ms. Ramirez must pay? (Round your answer to 2 decimal places.)

12b-1 fee $