Consider the following information for BTC Invest, if the total expense ratio is 0.6%, what is the rate of return on the fund? *

a. 12.90%

b. 15.52%

c. 10.41%

d. 17.15%

e. None of the above

1/1/2019 31/12/2019 Assets $500 Million $600 Million Debt $70 Million $60 Million Shares outstanding 17 Million 19 Million Also, assume that investors have received income distributions of $0.8 per share and capital gain distributions of $0.6 per share. 1/1/2019 31/12/2019 Assets $500 Million $600 Million Debt $70 Million $60 Million Shares outstanding 17 Million 19 Million Also, assume that investors have received income distributions of $0.8 per share and capital gain distributions of $0.6 per share