What is the expense ratio for mutual fund

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Avery owns a mutual fund with a NAV of $38.00 per share and expenses of $1.50 per share. What is the expense ratio for Avery's mutual fund?

Jo purchased 375 shares of a no-load stock mutual fund. During the year she received $3 per share in dividend distributions. What are the tax consequences on the dividends after the first year?

What are the tax consequences of Jo's ownership of this stock fund earning $460 in long-term capital gain distributions?

What are the tax consequences of Jo's ownership of this stock fund after owning it for only eight months and earning $2,300 when she sold the stock? [Jo is in a 33 percent marginal tax bracket.]

Reference no: EM13946926

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