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You purchased 1,000 shares of the New Fund at a price of $29 per share at the beginning of the year. You paid a front-end load of 3.4%. The securities in which the fund invests increase in value by 8% during the year. The fund's expense ratio is 1.4%. What is your rate of return on the fund if you sell your shares at the end of the year? (Do not round intermediate calculation. Round your anwser to 2 decimal places)

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Financial Management, Finance

Category:- Financial Management
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