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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
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% , front end load is 1.1%, and the total expense ratio is 0.6% which is deducted based on the year end value. What is the estimated rate of return on the fund?
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