3.5 pts Consider a mutual fund with $500 million in assets at the start of the year, and 12 million shares outstanding. If the gross return on assets is 12%, front end load is 3%, and the total expense ratio is 0.9% which is deducted based on the year end value. What is the estimated rate of return on the fund? (Please keep 3 decimal place, for example, 0.011, Not 11%.)