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The New Fund had average daily assets of $5.8 billion in the past year. If New Fund's expense ratio was 0.80% and the management fee
The New Fund had average daily assets of $5.8 billion in the past year. If New Fund's expense ratio was 0.80% and the management fee was 0.70% a. What were the total fees paid to the fund's investment managers during the year? (Enter your answer in millions. Round your answer to 1 decimal place.) b. What were the other administrative expenses? (Enter your answer in millions. Round your answer to 1 decimal place.)
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