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The New Fund had average daily assets of $3.7 billion in the past year. New Funds expense ratio was 2.6% and the management fee was
The New Fund had average daily assets of $3.7 billion in the past year. New Funds expense ratio was 2.6% and the management fee was 2.2%. a. What were the total fees paid to the funds investment managers during the year? (Enter your answer in millions rounded to 2 decimal places.) Total fees paid $ million b. What were the other administrative expenses?
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