1. EMA Fund invests in the stock markets. It diversify its funds across many industries. At the start of year 2019, the market value of the stocks in the fund was $160 million with 6 million shares outstanding. The fund manager expects the stocks prices to increase by 10% by the end of year 2019. Also the fund is expected to pay a total dividends of $2 million. If you are given the following EMA Fund charges, what will be your rate of return in year 2019? * EMA Fund Charges Front-end load 12b-1 fees Expense ratio 1.5% 1.756 3.25% A) Loss of 4.6% O B) Loss of 5.6% O C) Gain of 4.6% OD) Gain of 10% similar to growth rate of prices by the end of the year. E) None of the above