Question: SHOW YOUR WORK & WRITE YOUR ANSWER CHOICE HERE q , Consider a mutual fund with $ 4 0 0 million in assets at the

SHOW YOUR WORK & WRITE YOUR ANSWER CHOICE HERE q,
Consider a mutual fund with $400 million in assets at the start of the year, and 16 million shares outstanding. If the gross return on assets is 25% and the total expense ratio is 2.00%, what is the rate of return on the fund?
SHOW YOUR WORK & WRITE YOUR ANSWER CHOICE HERE q, Consider

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