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Business, 10.06.2020 15:57 drpharmd1769

The Holt fund has $500 million in assets, 80 million in debt and 15 million shares at the start of the year. At the end of the year, the fund has $600 million in assets, 40 million in debt and 16 million shares. During the year, investors received $0.80 in distributions per share. The total expense ratio is 0.4%, which is deducted at the end of the year. What is the rate of the return on the fund? A. 38.54%
B. 27.32%
C. 35,14%
D. 25.81%
E. 34.79%

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