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10. In 1/1/2019, ABC fund has $600 million in assets, 100 million in liability, and 20 million shares outstanding. In 31/12/2019, the fund has $800

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10. In 1/1/2019, ABC fund has $600 million in assets, 100 million in liability, and 20 million shares outstanding. In 31/12/2019, the fund has $800 million in assets, 80 million in liability, and 30 million shares outstanding. If you invest in the fund, you will received an income of $0.80 per share, and a capital gain of $0.70 per share. If the total expense ratio is 0.65%, what is the rate of return on the ABC? * (2 Points) 2% 1.304% 1.35% 0.350%

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