A no-load mutual fund starts the year with 327 million in


A no-load mutual fund starts the year with $327 million in net assets and 23 million shares outstanding. It ends the year with $349 million in net assets, and 29 million shares outstanding. The fund made dividend distributions of $1.5 per share and capital gains distributions of $1.2 per share during the year. What was the rate of return on the fund for the year?

Request for Solution File

Ask an Expert for Answer!!
Financial Management: A no-load mutual fund starts the year with 327 million in
Reference No:- TGS01735813

Expected delivery within 24 Hours