Question: Can you help me to solve this problem? Thanks Consider a mutual fund with $300 million in assets at the start of the year, and

Can you help me to solve this problem? Thanks

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 2% of the year end value, what is the rate of return on the fund?

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