Not 13.90 or 13.89.. I dont know

Problem 4-15 Consider a mutual fund with $360 million in assets at the start of the year and 10 milion shares outstanding. The fund invests in a portfolio of stocks that provides dividend income at the end of the year of $17 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 portrolio assets at year-end. 6. What is the fund's net asset value at the start and end of the year? (Round your answers to 2 decimal places.) Start of the year End of the year Net Assot Value 5 36.00 5 39.60 b. What is the rate of return for an investor in the fund? (Round your intermediate calculations to 3 decimal places and final answer to 2 decimal places.) Rite of retum