Consider a mutual fund with $700 million in assets at the start of the year and 10 million shares outstanding. The fund invests in a portfolio of stocks that provides dividend income at the end of the year of $1.5 million. The stocks included in the fund's portfolio increase in price by 10%, but no securities are sold and there are no capital gains distributions. The fund charges 12b-1 fees of .75%, which are deducted from portfolio assets at year-end. Required: What is the fund's net asset value at the start and end of the year? What is the rate of return for an investor in the fund