Jane Ramirez owns shares in the Touchstone Health and Biotechnology Fund that ha
ID: 2776690 • Letter: J
Question
Jane Ramirez owns shares in the Touchstone Health and Biotechnology Fund that have a current value of $20,200. The fund charges an annual 12b-1 fee of 0.60 percent. What is the amount of the 12b-1 fee Ms. Ramirez must pay? (Round your answer to 2 decimal places.)
Jane Ramirez owns shares in the Touchstone Health and Biotechnology Fund that have a current value of $20,200. The fund charges an annual 12b-1 fee of 0.60 percent. What is the amount of the 12b-1 fee Ms. Ramirez must pay? (Round your answer to 2 decimal places.)
Explanation / Answer
Current Value of the Fund = 20,200
Annual Fee = 0.60%
Amount of Annual Fee = 20,200 x 0.0060 = $121.20
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