Consider a Mutual Fund with $300 Million in Assets at the Start

question 42

Multiple Choice

Consider a mutual fund with $300 million in assets at the start of the year,and 12 million shares outstanding.If the gross return on assets is 18% and the total expense ratio is 2% of the year end value,what is the rate of return on the fund?

• A) 15.64%
• B) 16.00%
• C) 17.25%
• D) 17.50%

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