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. Consider a no-load mutual fund with $400 million in assets, 50 million in debt,...

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Accounting

. Consider a no-load mutual fund with $400 million in assets, 50 million in debt, and 15 million shares at the start of the year; and $500 million in assets, 40 million in debt, and 18 million shares at the end of the year. During the year investors have received income distributions of $0.50 per share, and capital gains distributions of $0.10 per share. Assuming that the total expense ratio is 0.75%, what is the rate of return on the fund?

A. 12.13% B. 9.56% C. 8.25% D. There is not sufficient information to answer this question

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