A Mutual Fund Had Assets of $210 Million at the Beginning

question 92

Multiple Choice

A mutual fund had assets of $210 million at the beginning of the year and $240 million at the end of the year. If the fund has a management fee of 0.75 percent, how much did the fund's management receive in fees during the year?

• A) $1,704,000
• B) $1,575,000
• C) $1,430,000
• D) $1,800,000
• E) $1,650,000

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Definitions:

Therapeutic Alliance

The cooperative and trusting relationship between a therapist and a client, which is considered essential for effective therapy.

Cognitive Therapies Efficacy

The effectiveness of cognitive therapies, which are psychological treatments aimed at altering dysfunctional thoughts and behaviors, typically measured through their impact on symptom reduction.

Controlled Research

A methodology in research studies that involves manipulating one variable to determine if changes in one variable cause changes in another, often including control groups to eliminate alternative explanations.

Internalizing Coping Styles

Coping mechanisms focused inward, such as emotional suppression or avoidance, which can influence one's internal emotional state.