Question: 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

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 ratio is 0.6% which will be charged at the end of the year based on the end of year value, what is the estimated rate of return on the fund for the first year

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