2 Your mutual fund's annual return is 8%. It has a Management Expense Ratio (MER) of 2.5% with a front-end load of 2%. Which statement is correct? A The 8% annual return is reported before deducting the 2.5% MER. B The 8% annual return is reported before deducting the 2% front-end load. The 8% annual return is reported after deducting the 2% front-end load, D The 8% annual return is reported after deducting the 2.5% MER