Consider a mutual fund with $207 million in assets at the start of the year and...

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Finance

Consider a mutual fund with $207 million in assets at the startof the year and with 10 million shares outstanding. The fundinvests in a portfolio of stocks that provides dividend income atthe end of the year of $4 million. The stocks included in thefund's portfolio increase in price by 8%, but no securities aresold, and there are no capital gains distributions. The fundcharges 12b-1 fees of 1.00%, which are deducted from portfolioassets at year-end.
a.
What is net asset value at the start and end of the year?(Enter your answers in dollars rounded to 3 decimalplaces.)

Net Asset Value
  Start of the year $
  End of the year

b.
What is the rate of return for an investor in the fund?(Use rounded "Net Asset Value". Round your answer to 2decimal places.)

  Rate of return %

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Consider a mutual fund with $207 million in assets at the startof the year and with 10 million shares outstanding. The fundinvests in a portfolio of stocks that provides dividend income atthe end of the year of $4 million. The stocks included in thefund's portfolio increase in price by 8%, but no securities aresold, and there are no capital gains distributions. The fundcharges 12b-1 fees of 1.00%, which are deducted from portfolioassets at year-end.a.What is net asset value at the start and end of the year?(Enter your answers in dollars rounded to 3 decimalplaces.) Net Asset Value Start of the year$ End of the year b.What is the rate of return for an investor in the fund?(Use rounded "Net Asset Value". Round your answer to 2decimal places.) Rate of return%