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Consider a mutual fund with 192 million dollars in assets at the start of the year, and 27 millon shares outstanding. If the gross annual
Consider a mutual fund with 192 million dollars in assets at the start of the year, and 27 millon shares outstanding. If the gross annual return last year was 15.9 percent, and the fund charges a total expense ratio of 1.7 percent of end-of-year value, what is the net return to investors? Enter answer in percents, accurate to two decimal places
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