rate of return

Consider a mutual fund with $360 million in assets at the start of the year and 10 million shares outstanding. The fund invests in a portfoto of stocks that provides dividend income at the end of the year of $17 million. The stocks included in the funds portfolio Increase in price by 10% but no securities are sold and there are no capital gains distributions. The fund charges 12D-1 fees of 75%, which are deducted from portfolio assets at year-end. o. 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 Asset Value $ 36.00 $ 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.) Rate of return %