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8pts The Orangewood Growth mutual fund has $160 million in assets at the beginning of the year and 1 milion shares outstanding throughout the year.
8pts The Orangewood Growth mutual fund has $160 million in assets at the beginning of the year and 1 milion shares outstanding throughout the year. During the year assets grow at 16%. The fund charges a 125-1 fee on all shares equal to 1%. The fee is imposed on year-end asset values. If there are no distributions, what is the end-of-year NAV for the fund? $160 $185.6 $158.4 $183.74 None of the above Next lions
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