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Hoochie [10]
3 years ago
8

The New Fund had average daily assets of $2.2 billion in the past year. New Fund's expense ratio was 1.1% and the management fee

was .7%.a. What were the total fees paid to the fund's investment managers during the year?b. What were the other administrative expenses?
Business
1 answer:
kvasek [131]3 years ago
6 0

Answer: A. $15.4 Million

B. $8.8 million

Explanation:

a. What were the total fees paid to the fund's investment managers during the year?

This will be:

= Average daily assets × Management fee

= $2.2 billion × 0.7%

= $15.4 million

b. What were the other administrative expenses?

The total expense that's incurred for managing the fund will be:

= $2.2 billion × 1.1%

= $24.2 million

Therefore, the other administrative expenses will be:

= $24.2 million - $15.4 million

= $8.8 million

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Answer:

Agressive trading technique

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3 years ago
Roger purchased a stock for $16 a share. The stock paid a $1 annual dividend and increased in price by $2 a year for the followi
Gemiola [76]

Answer:

The answer is 11.2%

Explanation:

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Annual dividend: $1

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First year is $16 per share

Second year is $18 per share

Third year is $20 per share.

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0.112

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= 11.2%

8 0
3 years ago
Per capita GDP is Group of answer choices A dollar measure of the economic growth rate of a country. The value of the factors of
blsea [12.9K]

Per capita GDP is GDP divided by total population.

<h3>What is a Per capita GDP?</h3>

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5 0
2 years ago
A father and his son are celebrating the father's 75th birthday. Drink for drink, who will most likely have a higher BAC ?
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3 years ago
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SCI just paid a dividend of $2.16 per share, and its annual dividend is expected to grow at a constant rate of 4.50% per year. I
guajiro [1.7K]

Answer:

$33.44

Explanation:

The computation of the intrinsic value of the share is shown below:

= Next year dividend ÷ (Required rate of return - growth rate)

where,

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