Hi,
i would like like to calculate a composite fee rate based on the following sample tiers:
1st $225m charged at 0.50%
Up to $450m charged at 0.45%
Above $$450m charged at 0.40%
So the fee on $1bn would be 0.50% on the first $225m, 0.45% on the next $225m and 0.40% on the remaining $550m.
I...