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You purchased 2000 shares of the new fund at a price of 12

You purchased 2,000 shares of the New Fund at a price of $12 per share at the beginning of the year. You paid a front-end load of 4%. The securities in which the fund invests increase in value by 12% during the year. The fund's expense ratio is 2.2%. 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 2000 shares of the new fund at a price of 12

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Financial Management: You purchased 2000 shares of the new fund at a price of 12

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