Five months ago,you purchased 200 shares of a mutual fund at an offering price of $54 a share.The fund imposes a front-end load of 4.5 percent and has total annual expenses of 1.08 percent.The NAV of the fund today is $52.40.There were no fund distributions during these five months.What is your holding period return on this investment?
A) -2.96 percent
B) -1.92 percent
C) 1.44 percent
D) 1.89 percent
E) 2.26 percent
Correct Answer:
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