Question 21 3.5 pts Consider a mutual fund with $500 million in assets at the start of the year and 12 million shares outstanding. If the gross return on assets is 11%, front end load is 2.8%, and the total expense ratio is 0.8% which is deducted based on the year end value. The estimated rate of return on the fund is _%? (Please keep 2 decimal place, for example, input 1.23 for 0.0123) ell