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backspace 25. A mutual fund has average net total assets outstanding of $75 million. During the year the fund bought assets equal to 23 million

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backspace 25. A mutual fund has average net total assets outstanding of $75 million. During the year the fund bought assets equal to 23 million and sold assets equal to $28 million. This fund's turnover rate was? You pay $23,600 to the XYZ Fund which has a NAV of $19.00 per share at the beginning of the year. The fund deducted a front-end load of 4%. The securities in the fund increased in value by 10% during the year. The fund's expense ratio is 1.3% and is fees are deducted from year end asset values. What is your rate of return on the fund if you sell your shares at the end of the year? 26

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