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You purchased 1,000 shares of the New Fund at a price of $20 per share at the begin ning of the year. You paid a front-end load of 4% The securities in which the fund invests increase in value by

You purchased 1,000 shares of the New Fund at a price of $20 per share at the begin- ning of the year. You paid a front-end load of 4%. The securities in which the fund invests increase in value by 12% during the year. The fund’s expense ratio is 1.2%. What is your rate of return on the fund if you sell your shares at the end of the year?

Jun 16 2020 View more View Less

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