QUESTION 39 Consider a mutual fund with $200 milion in assets at the start of the year and with 10 milion shores outstanding. The fund invests in a portfolio of stocks that provides dividend income at the end of the year of $4 million. The stocks included in the fund's portfolio increase in price try 12% but no secunties are sold and there are no capital gains distributions. The fund charges 12b-1fees of 1%, which are deducted from portfolo assets at year-end What is the rate of return for an investor in the fund? O 30.88% O 3100% O 12 88% 13.00%
QUESTION 39 Consider a mutual fund with $200 milion in assets at the start of the year and with 10 milion shores outstanding. The fund invests in a portfolio of stocks that provides dividend income at the end of the year of $4 million. The stocks included in the fund's portfolio increase in price try 12% but no secunties are sold and there are no capital gains distributions. The fund charges 12b-1fees of 1%, which are deducted from portfolo assets at year-end What is the rate of return for an investor in the fund? O 30.88% O 3100% O 12 88% 13.00%
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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