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A no-load mutual fund has $400 million in assets and 10 million shares at the start of the year, and $450 million in assets and

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A no-load mutual fund has $400 million in assets and 10 million shares at the start of the year, and $450 million in assets and 11 million shares at the end of the year. During the year investors, ave received income distributions of $1 per share, and capital gains distributions of $0.5 per share. Assuming that the fund carries no debt, and what is the rate of return on the fund? O 6.02% O 2.3% O 12.5% 0 4.8%

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