You purchased 2300 shares of the new fund at a price of 20, Ask an Expert

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You purchased 2,300 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 5%. The securities in which the fund invests increase in value by 12% during the year. The fund's expense ratio is 2.5%. What is your rate of return on the fund if you sell your shares at the end of the year? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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Financial Management, Finance

Category:- Financial Management
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