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8 You purchased 1,900 shares of the New Fund at a price of $15 per share at the beginning of the year. You paid a

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8 You purchased 1,900 shares of the New Fund at a price of $15 per share at the beginning of the year. You paid a front-end load of 5% The securities in which the fund invests increase in value by 10% during the year. The fund's expense ratio is 2.1%. What is your rate of return on the fund if you sell your shares at the end of the year? (Do not round intermediate calculations. Round your answer to 2 decimal places.) 111 points Rate of return Book

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