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The New Fund had average daily assets of $ 2 . 7 billion in the past year. New Fund's expense ratio was 1 . 6
The New Fund had average daily assets of $ billion in the past year. New Fund's expense ratio was and its management fee was
Required:
a What were the total fees paid to the fund's investment managers during the year? Enter your answer in millions rounded to decimal places.
Total fees paid
b What were the other administrative expenses? Enter your answer in millions rounded to decimal places.
tableOther administrative expenses million
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