Mark owns a mutual fund with a nav of 4500 per share and, Financial Management

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Mark owns a mutual fund with a nav of 4500 per share and

1. Expense Ratio. Mark owns a mutual fund with a NAV of $45.00 per share and expenses of $1.45 per share. What is the expense ratio for Mark's mutual fund?

2. Estimating Returns. Hope (from problem 1) later sells her shares in the mutual fund for $37 per share. What would her return be in problems 1 and 2?

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Financial Management: Mark owns a mutual fund with a nav of 4500 per share and

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