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You purchased shares of a mutual fund at an offering price of $20 per share at the beginning of the year and paid a front-end load of 5.75%. If the securities in which the fund invested increased in value by 11% during the year, and the fund's expense ratio was 1.25% which are deducted from portfolio assets at year-end, your return if you sold the fund at the end of the year would be...?

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Financial Management, Finance

Category:- Financial Management
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