Refer to Problem 12.11. If Best was a load fund with a 2.5% front-end load, what would be the HPR?

Data From Problem 12.11

You invested in the no-load Best Mutual Fund one year ago by purchasing 1,000 shares of the fund at the net asset value of $20.00 per share. The fund distributed dividends of $1.00 and capital gains of $1.50. Today, the NAV is $21.00. What was your holding period return?