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Business, 25.10.2019 02:43 kittenalexis68

Consider a no-load mutual fund with $200 million in assets and 10 million shares at the start of the year and with $250 million in assets and 11 million shares at the end of the year. during the year investors have received income distributions of $2 per share and capital gain distributions of $.25 per share. assuming that the fund carries no debt, and that the total expense ratio is 1%, what is the rate of return on the fund? 23.75% 11.19% the answer cannot be determined from the information given. 24.64%

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