Question 16 8pt Alpha Growth Fund, a no-load mutual fund, had $400 million in assets and 10 milion shares at the start of the year and $600 million in assets and 12 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 $0.60 per share. The total esperse ratio of the fund is 1%. Based on the given information, calculate the rate of return on the fund. 35.25% 36.50% 23.75% 33.75% None of the above