Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Logos Mutual Fund has $120 million in assets, $40 million in liabilities, and 8 million shares outstanding at the beginning of the year. The fund

Logos Mutual Fund has $120 million in assets, $40 million in liabilities, and 8 million shares outstanding at the beginning of the year. The fund paid $2 million in dividends over the course of the year and experienced a price appreciation of 10%. If the 12b-1 fee of the fund is 2%, what is the rate of return of the fund for the year?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Middle Market M And A Handbook For Advisors Investors And Business Owners

Authors: Kenneth H. Marks, Christian W. Blees, Michael R. Nall, Thomas A. Stewart

2nd Edition

1119828104, 978-1119828105

More Books

Students also viewed these Finance questions

Question

Write a VBA function for f(x) = x 2 ? 3. A 1 Exercise 1 2 3 Ix -2

Answered: 1 week ago