A mutual fund has $50 million in assets at the beginning of the year and 1 million shares outstanding throughout the year.Throughout the year assets grow at 12%.The fund imposes a 12b-1 fee on all shares equal to 1%.The fee is imposed on year end asset values.If there are no distributions what is the end of year NAV for the fund?

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The Answer of A mutual fund has $50 million in assets at the beginning of the year and 1 million shares outstanding throughout the year.Throughout the year assets grow at 12%.The fund imposes a 12b-1 fee on all shares equal to 1%.The fee is imposed on year end asset values.If there are no distributions what is the end of year NAV for the fund?

A Mutual Fund Has $50 Million in Assets at the Beginning