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timofeeve [1]
4 years ago
10

Consider a no-load mutual fund with $400 million in assets, 50 million in debt, and 15 million shares at the start of the year a

nd with $500 million in assets, 40 million in debt, and 18 million shares at the end of the year. During the year investors have received income distributions of $.50 per share and capital gain distributions of $.30 per share. If the total expense ratio is .75%, what is the rate of return on the fund

Business
1 answer:
Bess [88]4 years ago
3 0

Answer: 12.09%

Explanation: since it is a no load fund all charges are already embedded in gross returns. Therefore, gross return and net return are of the same value.

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