A no-load mutual fund starts the year with $309 million in net assets and 22 million shares outstanding. It ends the year with $337 million in net assets, and 29 million shares outstanding. The fund made dividend distributions of $1.6 per share and capital gains distributions of $1.2 per share during the year. What was the rate of return on the fund for the year?
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Home » Business » A no-load mutual fund starts the year with $309 million in net assets and 22 million shares outstanding. It ends the year with $337 million in net assets, and 29 million shares outstanding. The fund made dividend distributions of $1.