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What is the mer

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Reference no: EM133140787

Question - The ECA Growth Fund incurred the following charges in 2020:

Management Fees = $3106346

Audit fees = $2396024

Trading fees = $2529871

Custodial fees =$2107021

All other expenses charged directly to the fund = $3452140

Assuming the average Net Asset Value for ECA Growth was $564164819 in 2020, what is the MER?

Reference no: EM133140787

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