A mutual fund with $200mm in assets and 0 in liabilities, and 10mm shares outstanding Dividend income: $2mm (Hint: this is the total dividends) Price appreciation: 8% 12-b1 fee is 1% and deducted from portfolio assets at year -end No load and no other expenses - What is NAV at the end of the year? $21.42 $21.38 $21.6 Question 2 What is the rate of return net of fee? No answer text provided. 16.92% 7.92%