EBK FOCUS ON PERSONAL FINANCE
6th Edition
ISBN: 9781260140965
Author: Kapoor
Publisher: MCGRAW HILL BOOK COMPANY
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Question
Chapter 13, Problem 9P
a)
Summary Introduction
To determine: Total fees.
b)
Summary Introduction
To discuss: Whether this fund is a low, average or a high expense ratio.
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Yamaha Growth Fund has an expense ratio of 1.83%. If you invest $55,000 in this fund, what is the dollar amount of fees that you would pay this year, and is this a low, average or high expense ratio?
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Chapter 13 Solutions
EBK FOCUS ON PERSONAL FINANCE
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