Problemconsider a no-load mutual fund with 200 million in, Ask an Expert

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Problem:

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.

Required:

Question: Assuming that the fund carries no debt, and that the total expense ratio is 1%, what is the rate of return on the fund?

Note: Please show the work not just the answer.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91162555

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