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Trava [24]
3 years ago
14

Consider a mutual fund with $300 million in assets at the start of the year and 12 million shares outstanding. If the gross retu

rn on assets is 18% and the total expense ratio is 2% of the year-end value, what is the rate of return on the fund?
A 15.64%
B 16%
C 17.25%
D 17.5%
Business
1 answer:
Vikentia [17]3 years ago
3 0

Answer:

A 15.64%

Explanation:

300*1.18 = 354

354*0.02 = 7.08

354 - 7.08 = 346.92

rate of return = 346.92/300

                      = 15.64%

Therefore, The rate of return on the fund is 15.64%

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Explanation:

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This means that,

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In the last decade or so, there has been a dramatic expansion of small retail convenience stores (such as 7-Eleven, Kwik Shop, a
WINSTONCH [101]

Answer:

2) the time consumers save when purchasing goods there.

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On December 1, 2016, Fine Dining Products borrowed $84,000 on a 12%, five-year note with annual installment payments of $16,800
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Answer:

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