What were the other administrative expenses

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Reference no: EM131052279

The New Fund had average daily assets of $2.6 billion in the past year. New Fund’s expense ratio was 1.5% and the management fee was 1.0%.

a. What were the total fees paid to the fund’s investment managers during the year? (Enter your answer in millions rounded to 2 decimal places.)

Total fees paid $ million

b. What were the other administrative expenses? (Enter your answer in millions rounded to 2 decimal places.)

Other administrative expenses $ million

Reference no: EM131052279

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