Problemconsider a mutual fund with 300 million in assets at, Ask an Expert

Accounting

Problem:

Consider a mutual fund with $300 million in assets at the start of the year, and 12 million shares outstanding. If the gross return on assets is 18% and the total expense ratio is 0.75% of the year end value,

Required:

Question: What is the rate of return on the fund?

Note: Please show the work not just the answer.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91170517

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