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A mutual fund has $500 million in assets, $3 million in operating expenses, $1 million in 12b-1 charges, and 10 million shares at the start
A mutual fund has $500 million in assets, $3 million in operating expenses, $1 million in 12b-1 charges, and 10 million shares at the start of the year. At year end the fund has $600 million in assets, $3.50 million in operating expenses, $1.30 million in 12b-1 charges, and 11 million shares. During the year the fund distributed income of $0.15 per share and capital gains of $0.10 per share. What is the return on the fund?
Group of answer choices 10.23% 9.79% 9.59% 8.23%
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