In the prospectus for the Brazos Small Cap Fund, the fee table indicates that the...

90.2K

Verified Solution

Question

Finance

In the prospectus for the Brazos Small Cap Fund, the fee table indicates that the fund has a 12b-1 fee of 0.35 percent and an expense ratio of 1.65 percent that is collected once a year on December 1. Joan and Don Norwood have shares valued at $43,000 on December 1.

(a)

What is the amount of the 12b-1 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.)

Answer & Explanation Solved by verified expert
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!
Become a Member

Other questions asked by students