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Basic Question 6 of 18
The annual management fee charged by investment firms to compensate fund managers is typically a ______.
B. fixed-dollar amount ratified by the shareholders before the year begins
C. percentage of the average net assets of the fund
A. percentage of the capital gains and income of the fund
B. fixed-dollar amount ratified by the shareholders before the year begins
C. percentage of the average net assets of the fund
User Contributed Comments 3
| User | Comment |
|---|---|
| farhan92 | would be A and C for HF's - 2/20 etc |
| khalifa92 | yeah true good i saw ur comment |
| joeclark | They are asking for management fee not performance fee |
I just wanted to share the good news that I passed CFA Level I!!! Thank you for your help - I think the online question bank helped cut the clutter and made a positive difference.
Edward Liu
Learning Outcome Statements
describe classifications of assets and markets
describe the major types of securities, currencies, contracts, commodities, and real assets that trade in organized markets, including their distinguishing characteristics and major subtypes
CFA® 2025 Level I Curriculum, Volume 3, Module 1.