What is the net return to investors

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Reference no: EM131328225

Consider a mutual fund with 152 million dollars in assets at the start of the year, and 23 millon shares outstanding. If the gross annual return last year was 15.6 percent, and the fund charges a total expense ratio of 1.1 percent of end-of-year value, what is the net return to investors? Enter answer in percents, accurate to two decimal places.

Reference no: EM131328225

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