You purchased 1000 shares of the new fund at a price of 20, Financial Management

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You purchased 1000 shares of the new fund at a price of 20

You purchased 1,000 shares of the New Fund at a price of $20 per share at the beginning of the year. You paid a front-end load of 4.25%. The securities in which the fund invests increase in value by 16.75% during the year. The fund's expense ratio is 1.20%. What is your rate of return on the fund if you sell your shares at the end of the year?

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Financial Management: You purchased 1000 shares of the new fund at a price of 20

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Financial Management: You purchased 1000 shares of the new fund at a price of 20

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