In the prospectus for the Brazos Aggressive Growth fund, the fee table indicates that the...
70.2K
Verified Solution
Link Copied!
Question
Finance
In the prospectus for the Brazos Aggressive Growth fund, the fee table indicates that the fund has a 12b1 fee of 0.30 percent and an expense ratio of 1.75 percent that is collected once a year on December 1. Joan and Don Norwood have shares valued at $42,000 on December 1. (a) What is the amount of the 12b1 fee this year? (Round your answer to 2 decimal places.) (b) What is the amount they will pay for expenses this year? (Round your answer to 2 decimal places.)
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.