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

question 106

Multiple Choice

If a mutual fund's NAV is $50 and its expense ratio is 2%, what are the total expenses per share?

• A) $2
• B) $10
• C) $1
• D) $5

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Definitions:

Budgeted Production

An estimate of the quantity of goods or services that an organization plans to produce over a specific period based on forecasted sales demand.

Projected Sales

Estimated revenue that a company expects to generate from goods or services in a future period.

Inventory Units

The individual items or quantities of product a company has available for sale or use in production at any given time.

Future Goals

Objectives or targets that an individual or organization plans to achieve in a future time frame.