One year ago, you purchased 300 shares of a mutual fund that had a front-end load of 4%. The NPV at the time of purchase was $55.20. Today, the NAV (including all reinvested dividends) is $56.32 and the total expenses of the fund for the year were 1.65%. What was your return for the year?
A) - 2.05%
B) - 1.55%
C) 0.91%
D) 1.96%
E) 2.10%
Correct Answer:
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