A mutual fund at the beginning of the year holds 40,000 shares of GUUG priced at $430 and 10,000 shares of XMZN priced at $650. The mutual fund has 300,000 shares outstanding. During the year the fund's asset value increases by 18%, the fund realizes $2m in capital gains and receives $1m in dividends. The fund harges the following: - 6% front-end load - 2% in operating expenses and 12b1 fees. At the end of the year the fund has 350,000 shares outstanding. The fund's initial NAV is The fund's year-end NAV is The reported rate of return for the fund is % %. (Assume that the reported return is also the average reported fund The realized annual return for an investor investing $500 in the fund for an 18 year horizon is return over the 18 years). A mutual fund at the beginning of the year holds 40,000 shares of GUUG priced at $430 and 10,000 shares of XMZN priced at $650. The mutual fund has 300,000 shares outstanding. During the year the fund's asset value increases by 18%, the fund realizes $2m in capital gains and receives $1m in dividends. The fund harges the following: - 6% front-end load - 2% in operating expenses and 12b1 fees. At the end of the year the fund has 350,000 shares outstanding. The fund's initial NAV is The fund's year-end NAV is The reported rate of return for the fund is % %. (Assume that the reported return is also the average reported fund The realized annual return for an investor investing $500 in the fund for an 18 year horizon is return over the 18 years)