One year ago grant purchased 208 shares of a mutual fund, Financial Management

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One year ago grant purchased 208 shares of a mutual fund

One year ago, Grant purchased 208 shares of a mutual fund which has a front-end load of 2.5 percent. The NAV at the time of purchase was $55.07. Today, the NAV, including all reinvested dividends, is $61.12 and the total expenses of the fund for the year were 1.74 percent. What is Grant's rate of return for the year?

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