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Please show your work. A sector fund specializing in commercial bank stocks had average daily assets of exist3.9 billion during the year. Suppose the annual
Please show your work.
A sector fund specializing in commercial bank stocks had average daily assets of exist3.9 billion during the year. Suppose the annual operating expense ratio for the mutual fund is 1.05 percent and the management fee is 75 percent. How much money did the fund's management earn during the year? If the fund doesn't charge any 12b-1 fees, how much were miscellaneous and administrative expenses during the year? (Do not round intermediate calculations. Omit the "exist" sign in your response.) Management fee exist Miscellaneous and administrative expenses exist
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