Consider a no-load mutual fund with $440 million in assets and 20 million shares at...
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Consider a no-load mutual fund with $440 million in assets and 20 million shares at the start of the year and with $490 million in assets and 21 million shares at the end of the year. During the year investors have received income distributions of $5 per share and capital gain distributions of $0.45 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 28.35% 29.77% 23.55% The answer cannot be determined from the information given
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