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Consider a no-load mutual fund with $200 million in assets and 11 million shares at the start of the year, and $410 million in assets and 14 million shares at the end of the year. Investors have received income distributions of $4 per share, and capital gains distributions of $0.70 per share. Assuming that the fund carries no debt, and that the total expense ratio is 1%, what is the rate of return on the fund? Multiple Choice O. 85.31% O  33.61% O. 70.00% O. There is not sufficient information to answer this question

Consider a no-load mutual fund with $200 million in assets and 11 million shares at the start of the year, and $410 million in assets and 14 million shares at the end of the year. Investors have received income distributions of $4 per share, and capital gains distributions of $0.70 per share. Assuming that the fund carries no debt, and that the total expense ratio is 1%, what is the rate of return on the fund? Multiple Choice O. 85.31% O  33.61% O. 70.00% O. There is not sufficient information to answer this question

Intermediate Financial Management (MindTap Course List)
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter2: Risk And Return: Part I
Section: Chapter Questions
Problem 10P
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Consider a no-load mutual fund with $200 million in assets and 11 million shares at the start of the year, and $410 million in assets and 14 million shares at the end of the year. Investors have received income distributions of $4 per share, and capital gains distributions of $0.70 per share. Assuming that the fund carries no debt, and that the total expense ratio is 1%, what is the rate of return on the fund?

Multiple Choice

O. 85.31%

O  33.61%

O. 70.00%

O. There is not sufficient information to answer this question 

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