Consider a mutual fund with 140 million dollars in assets


Consider a mutual fund with 140 million dollars in assets at the start of the year, and 29 millon shares outstanding. If the gross annual return last year was 14.7 percent, and the fund charges a total expense ratio of 1.2 percent of end-of-year value, what is the net return to investors?

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Financial Management: Consider a mutual fund with 140 million dollars in assets
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