Problem:
You purchased 1,900 shares of the New Fund at a price of $15 per share at the beginning of the year. You paid a front-end load of 5%. The securities in which the fund invests increase in value by 10% during the year. The fund's expense ratio is 2.1%.
Required:
Question: What is your rate of return on the fund if you sell your shares at the end of the year?
Note: Explain all steps comprehensively.