Mark owns a mutual fund with NVA of $58.41 per share and expenses of $.96 per...

Question

Question

Mark owns a mutual fund with NVA of $58.41 per share and expenses of $.96 per share. What is the expense ratio for Mark's mutual fund?(percentage)

Answer 1

Answer #1

Expense ratio = Total cost/Total Value

Expense Ratio = 0.96/58.41

Expense ratio = 1.64%

Answer 2

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