Mutual fund-rate of return on the fund


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 0.75% of the year end value, what is the rate of return on the fund?

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Finance Basics: Mutual fund-rate of return on the fund
Reference No:- TGS055463

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