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Consider a no-load mutual fund with $250 million in assets and 17 million shares at the start of the year, and $430 million in assets
Consider a no-load mutual fund with $250 million in assets and 17 million shares at the start of the year, and $430 million in assets and 18 million shares at the end of the year. Investors have received income distributions of $8 per share, and capital gains distributions of $0.50 per share. Assuming that the fund carries no debt, and that the total expense ratio is 1%, what is the rate of return on the fund?
a. 62.50%
b. 118.62%
c. 3.02%
d. There is not sufficient information to answer this question
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