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Section 36b of the Investment Company Act of 1940 puts the burden on the party claiming a breach of fiduciary duty related to management fees

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Section 36b of the Investment Company Act of 1940 puts the burden on the party claiming a breach of fiduciary duty related to management fees to prove what? O A. That the advisory fee is not competitive because it is higher than the average fee charged by the peer universe of funds 12/31/2000 OB. That the advisory fee is so disproportionately large that it could not have been the product of arms length bargaining OC. That the board breached their duty of trust to the shareholders of the fund by approving advisory fees that are below average Inc . Ca a R OD. That the board based their approval on fraudulent information provided by the advisor

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