alleryStart learning →A fund incurred recurring expenses of $1.2 million on average net assets of $200 million. What is its expense ratio?
A0.06%
B0.60%
C6.00%
D1.20%
Answer & Solution
Correct answer: B. 0.60%
1.2 divided by 200 equals 0.006, which is 0.60%.
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