Consider a no-load mutual fund with $200 million in assets and 10 million shares at the start of the year and with $250 million in assets and 11 million shares at the end of the year. During the year investors have recieved income distributions of $2 per share and capital gain distributions of $.25 per share. Assuming that the fund carries no debt, and that the total expense ration is 1%, 

what is the rate of return for the fund?

Answer rating: 100% (QA)

To calculate the rate of return for the mutual fund we can use the following formula Rate of return ... View the full answer