Consider a mutual fund with $500 million in assets at the start of the year, and 12 million shares outstanding. If the gross return on assets is 15% and the total expense ratio is 0.80%, what is the estimated rate of return on the fund? O 14.08% O 14.2% O 15% None of the above

Consider a mutual fund with $500 million in assets at the start of the year, and 12 million shares outstanding. If the gross return on assets is 15% and the total expense ratio is 0.80%, what is the estimated rate of return on the fund? 14.08% 14.2% 15% None of the above