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The value of Mike Jackson’s shares in the New Frontiers Technology Fund is $51,400. The management...

The value of Mike Jackson’s shares in the New Frontiers Technology Fund is $51,400. The management fee for this particular fund is 0.80 percent of the total asset value. Calculate the management fee Mike must pay this year.

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management Fee Total asset value*0.80 51400*0.80 $ 41,120.00!

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