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You invested $1,000 in a Japan fund. You pay a front-end load of 5%. The securities increase in value by 15% during the year. The fund's expense ratio is 2% and operating expenses are deducted from the fund value. What is your rate of return on the fund based on the $1,000 you invested if you sell your shares at the end of the year?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92265009

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