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a docs.google.com 10. Assume that a mutual fund has $217 million in assets at the beginning of the year and 20 million shares outstanding. The
a docs.google.com 10. Assume that a mutual fund has $217 million in assets at the beginning of the year and 20 million shares outstanding. The fund invests in a variety of stocks that provide a dividend income at the end of the year of $5 million. These stocks increase in value by 6%. The fund charges 12b-1 fees of 0.25% which are deducted at the end of the year. What is the rate of return for an investor in this fund? * O 10% 8.01% -8.01% -10% O None of the above
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