Question: 1. The Yamaha Aggressive Growth Fund has a 1.83 percent expense ratio.
a. If you invest $55,000 in this fund, what is the dollar amount of fees that you would pay this year?
b. Based on the information in this chapter and your own research, is this a low, average, or high expense ratio?
2. During one three-month period, Matt Roundtop's mutual fund grew by $6,000. If he withdraws 35 percent of the growth, how much will he receive?