What is the rate of return on the fund

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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 recieved income distributions of $2 per shareand capital gains distributions of $.25 per share. Assuming that the fund carries no ebt, and that the total expense ratio is 1%, what is the rate of return on the fund?

Reference no: EM131302413

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