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19. Consider a no-load mutual fund with $500 million in assets, 50 million in debt, and 12 million shares at the start of the year,

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19. Consider a no-load mutual fund with $500 million in assets, 50 million in debt, and 12 million shares at the start of the year, and $600 million in assets, 40 million in debt, and 16 million shares at the end of the year. During the year investors have received income distributions of 50.50 per share, and capital gains distributions of $0,40 per share. Assuming that the fund carries no debt, and that the total expense ratio is 0.90%, what is the rate of return on the fund? (2 points) 12099 -12.09% - 1326% 13.2696

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