2. You have $100,000 of savings that you want to invest in an open-end fund with an initial NAV of $48 per share. The fund has a front-end load of 4% and a back-end load of 2%. During your investment period, you make an income gain distribution of $0.4 per share and a capital gain distribution of $0.8 per share. By the time you sell your investment, the NAV is $54.00. What is your rate of return? (15 points) Initial NAV =$48.00 Initial Investment =$100,000 Investment after front-end load =$100,000(1 - front-end load )= Number of shares bought = Total income gain = Total capital gain = Back-end load = Net proceeds from sale = Net profit = Rate of Return =