1. The frontier mid cap fund has assets worth $ 14,572,000. it has 225,000 mutual fund shares outstanding. its NAV is $ 64.375. what are the total expenses for the fund?
2. McDougan Associates, a U.S.-based investment partnership, borrows €100,000,000 at a time when the exchange rate is $1.3200/€. The entire principal is to be repaid in three years, and interest is 5.50% per annum, paid annually in euros. The euro is expected to appreciate vis à vis the dollar at 2.5% per annum. What is the effective cost of this loan for McDougan?