Question: Consider a mutual fund with a 3% front load and with $500 million in assets at the start of the year, and 12 million shares

Consider a mutual fund with a 3% front load and with $500 million in assets at the start of the year, and 12 million shares outstanding. If the gross return on assets is 15% and the total expense ratio is 0.7% which will be charged at the end of the year based on the end of year value, The estimated rate of return on the fund for the first year is _._\%? (two decimal places, for example, 3.41 not 0.034)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Consider a mutual fund with a 5% front load and with $500 million in assets at the start of the year, and 12 million shares outstanding. If the gross return on assets is 15% and the total expense...

Consider a mutual fund with a 4 % front load and with $ 5 0 0 million in assets at the start of the year, and 1 2 million shares outstanding. If the gross return on assets is 1 2 % and the total...

Consider a mutual fund with a 6% front load and with $500 million in assets at the start of the year, and 12 million shares outstanding. If the gross return on assets is 15% and the total expense...

Consider a mutual fund with a 5% front load and with $500 million in assets at the start of the year, and 12 million shares outstanding. If the gross return on assets is 14% and the total expense...

Consider a mutual fund with a 4% front load and with $500 million in assets at the start of the year, and 12 million shares outstanding. If the gross return on assets is 14% and the total expense...

21. Consider a mutual fund with $200 million in assets at the start of the year and with 10 million shares outstanding. The fund invests in a portfolio of stocks that provides dividend income at the...

Consider a mutual fund with $400 million. 20 in assets at the start of the year, and 12 million shares outstanding. If the gross return on assets is 20% and the total expense ratio is 4% of the year...

Consider a mutual fund with $219 million in assets at the start of the year and with 12 million shares outstanding. The fund invests in a portfolio of stocks that provides dividend income at the end...

Consider a mutual fund with $216 million in assets at the start of the year and with 10 million shares outstanding. The fund invests in a portfolio of stocks that provides dividend income at the end...

On July 1, 2019 J Corp acquired a machinery worth Php 2,500,000 from D Co. Term of the contract calls for a downpayment of Php 500,000 and signing a 2 year 10% note payable for the balance. Interest...

Find the kinetic energy of electrons emitting light in a medium with refractive index n = 1.50 at an angle 0 = 30 to their propagation direction.

Problem Four - - Asset Acquisition Pinkerton Company is considering acquiring a machine from The Michele Gordigiani Corporation for \ ( \ $ 6 6 0 , 0 0 0 \ ) . The machine will automate a process...

Any negligence of the part of the plaintiff is a complete bar to recovery in: Group of answer choices a comparative negligence state a contributory negligence state a concurrent negligence state a...

Assess the impact of Frederick W. Taylor on managing employees. The student will be able to:

Identify four applications of HRM to healthcare organizations.

2-18 Identify and describe the capabilities of enterprise social networking software. Describe how a firm could use each of these capabilities.