Question: Return to question 7 Consider a mutual fund with $218 million in assets at the start of the year and with 10 million shares outstanding.

Return to question 7 Consider a mutual fund with $218 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 of the year of $4 million. The stocks included in the fund's portfolio increase in price by 8%, but no securities are sold, and there are no capital gains distributions. The fund charges 126-1 fees of 100%, which are deducted from portfolio assets at year-end. .. What is the net asset value at the start and end of the year? (Enter your answers in dollars rounded to 3 decimal places.) 111 points Answer is complete but not entirely correct. Net Asset Value Start of the year s 21.800 End of the year $ 23.544 b. What is the rate of return for an investor in the fund? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Rate of return

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