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%
c 17.25%
d 17.5%
Answers: 2
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Consider a mutual fund with $300 million in assets at the start of the year and 12 million shares ou...
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