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Consider a no-load mutual fund with $600 milion in assets and 25 million shares at the start of the year and with $650 million in

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Consider a no-load mutual fund with $600 milion in assets and 25 million shares at the start of the year and with $650 million in assets and 26 million shares at the end of the year. During the year investors have received income distributions of $4 per share and capital gain distributions of $.30 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? o 20.40% 21.04% 25.05% O The answer cannot be determined from the information gven Type here to search

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