33 Oa) Ob) Oc) Od) The total expenses of a mutual fund for the past year were $800,000. These exclude brokerage commissi
Posted: Tue Nov 16, 2021 7:57 am
33 Oa) Ob) Oc) Od) The total expenses of a mutual fund for the past year were $800,000. These exclude brokerage commissions and other portfolio transaction costs of $100,000. The daily average net asset value was $40,000,000. What was the management expense ratio (MER) for the year? 1.7596 2.0096 2.2596 2.5096