If a Mutual Fund's NAV Is $50 and Its Expense

question 50

Short Answer

If a mutual fund's NAV is $50 and its expense ratio is 2.0 percent,what are the total expenses per share?
(a)$2
(b)$10
(c)$1
(d)$5

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Definitions:

Letters from an American Farmer

A series of essays written by J. Hector St. John de Crèvecoeur in the late 18th century depicting life in the American colonies.

Civic Nationalism

A form of nationalism where the state derives political legitimacy from the active participation of its citizenry, regardless of their race, ethnicity, or religion.

Political Institutions

Structures and systems that organize, govern, and manage public affairs, including legislatures, courts, and administrative agencies.

Late Eighteenth Century

A period roughly spanning from 1770 to 1800, characterized by significant political, technological, and social changes including the American Revolutionary War and the early stages of the Industrial Revolution.