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Business, 22.04.2020 04:59 kaitlynmoore42

Consider a no-load mutual fund with $580 million in assets and 20 million shares at the start of the year and with $630 million in assets and 21 million shares at the end of the year. During the year investors have received income distributions of $6 per share and capital gain distributions of $0.50 per share. Assuming that the fund carries no debt, and that the total expense ratio is 2%, what is the rate of return on the fund

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