Purchased shares of a mutual fund at a price

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You purchased shares of a mutual fund at a price of $29.50 per share at the beginning of the year and paid a front-end load of 4.5%. If the securities in which the fund invested increased in value by 11% during the year, and the fund's expense ratio was 1.75%, what is your rate of return if you sold the fund at the end of the year?

Reference no: EM13978962

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