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B is wrong A no-load mutual fund has $400 million in assets, 50 million in debt, and 12 million shares at the start of the

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A no-load mutual fund has $400 million in assets, 50 million in debt, and 12 million shares at the start of the year and with $450 million in assets, 40 million in debt, and 13 million shares at the end of the year. During the year investors have received income distributions of $.259 per share and capital gain distributions of $.20 per share. What is the rate of return on the fund? a) 5.3% b) 10.52% c) 7.2% d) 9.7% e) 7.63%

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