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onsider a no-load mutual fund with $457 million in assets and 12 million shares at the start of the year, and $520 million in assets and 13.21 million shares at the end of the year. During the year investors have received income distributions of $2.25 per share, and capital gains distributions of $1.57 per share.  Assume that the fund carries no debt. What is the rate of return on the fund? Group of answer choices   15.33% 13.03% 13.39% 12.31% 11.42%

onsider a no-load mutual fund with $457 million in assets and 12 million shares at the start of the year, and $520 million in assets and 13.21 million shares at the end of the year. During the year investors have received income distributions of $2.25 per share, and capital gains distributions of $1.57 per share.  Assume that the fund carries no debt. What is the rate of return on the fund? Group of answer choices   15.33% 13.03% 13.39% 12.31% 11.42%

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 $457 million in assets and 12 million shares at the start of the year, and $520 million in assets and 13.21 million shares at the end of the year. During the year investors have received income distributions of $2.25 per share, and capital gains distributions of $1.57 per share.  Assume that the fund carries no debt.

What is the rate of return on the fund?

Group of answer choices
 
15.33%
13.03%
13.39%
12.31%
11.42%
 
 
 
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