Question: Consider a mutual fund with a 4 % front load and with $ 5 0 0 million in assets at the start of the year,

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 12% and the total expense ratio is 0.9% 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 q,%?(two decimal places, for example, 3.41 not 0.034)
Consider a mutual fund with a 4% front load and with

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