Required: The New Fund had average daily assets of $2.2 billion in the past year. The fund sold $400 million and purchased $500 million worth of stock during the year What was its turnover ratio? (Round your answer to 2 decimal places.) Tumover rate 18.00 Consider a mutual fund with $212 million in assets at the start of the year and with 10 million shares outstanding. The fund invests in a portfolio of stocks that provides dividend income at the end of the year of $2 million. The stocks included in the fund's portfolio increase in price by 9%, but no securities are sold, and there are no capital gains distributions. The fund charges 12b-1 fees of 0.75%, which are deducted from portfolio assets at year-end. Required: ped a. What is the net asset value at the start and end of the year? (Enter your answers in dollars rounded to 3 decimal places.) Dok Net Asset Value Start of the year 21.200 Per share sk S $ End of the year 210.410 Per share int ences 4 b. What is the rate of return for an investor in the fund? (Do not round intermediate calculations. Round your answer to 2 decimal places.)