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Homework answers / question archive / A mutual fund reported year-end total assets of $52627563
A mutual fund reported year-end total assets of $52627563. Determine the expense ratio if total fees amounted to $ 1762700?
What is the expense ratio?
Computation of Expenses Ratio:
Expenses Ratio = Total Fees in a Year / Total Assets as of Year End
= $1,762,700/$52,627,563
Expenses Ratio = 3.35%
