Check my w Problem 4-15 Consider a mutual fund with $360 million in assets at the start of the year and 10 million shares outstanding The fund invests ina portfolo of stocks that provides dividend income at the end of the year of $17 million. The stocks included in the fund's portfolo increase in price by 10%. but no securities are sold and there are no capital galns distributions. The fund charges 12b-1 fees of 75%, which are deducted from portfolo assets at year-end a. What is the fund's net asset value at the start and end of the year? (Round your answers to 2 decimel places.) Net Asset Value Start of the year 36 00 End of the year 39.60 b. What is the rate of return for an investor in the fund? (Round your Intermediete calculetions to 3 decimal piaces and final answer to 2 decimal pleces.) Rate of return Next>
Check my w Problem 4-15 Consider a mutual fund with $360 million in assets at the start of the year and 10 million shares outstanding The fund invests ina portfolo of stocks that provides dividend income at the end of the year of $17 million. The stocks included in the fund's portfolo increase in price by 10%. but no securities are sold and there are no capital galns distributions. The fund charges 12b-1 fees of 75%, which are deducted from portfolo assets at year-end a. What is the fund's net asset value at the start and end of the year? (Round your answers to 2 decimel places.) Net Asset Value Start of the year 36 00 End of the year 39.60 b. What is the rate of return for an investor in the fund? (Round your Intermediete calculetions to 3 decimal piaces and final answer to 2 decimal pleces.) Rate of return Next>
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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