Business, 19.04.2021 15:50, Okaytashy

You purchased 1,000 shares of the New Fund at a price of $38 per share at the beginning of the year. You paid a front-end load of 2.5%. The securities in which the fund invests increase in value by 9% during the year. The fund's expense ratio is 1.3%. What is your rate of return on the fund if you sell your shares at the end of the year

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You purchased 1,000 shares of the New Fund at a price of $38 per share at the beginning of the year....