Consider a mutual fund with $211 million in assets at the start of the year and with 20 million shares outstanding. The fund invests in a portfolio of stocks that provides dividend income at the end of the year of $3 million. The stocks included in the fund's portfolio increase in price by 7%, but no securities are sold, and there are no capital gains distributions. The fund charges 12b-1 fees of 100% which are deducted from portfolio assets at year-end. a. What is the net asset value at the start and end of the year? (Enter your answers in dollars rounded to 3 decimal places.) Net Asset Value $ 10.550 Start of the year End of the year $ 11.180 b. What is the rate of return for an investor in the fund? (Do not round intermediate calculations. Round your answer to 2 decimal places.) % Rate of return 5 of 6 Next >