About the mutual fund

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Mutual Fund

Super Growth Fund had $250 million assets at the start of the year with 10 million shares outstanding. It also had $10 million in liabilities. By the end of the year, Super Growth Fund has grown its assets to $500 million and paid off all liabilities. It also paid out $10 million to shareholders during the year.

(a) Suppose the fund is open-end and for simplicity no shares were issued or redeemed during the year, what is the rate of return if you bought one share at the start of the year? What if you also paid a 2% front-end load?

Reference no: EM13848486

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