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A mutual fund has a front-end load of 4.6% and an annual management fee of 1%. If you invest $100k into the fund today, and

image text in transcribed A mutual fund has a front-end load of 4.6% and an annual management fee of 1%. If you invest $100k into the fund today, and one year from now the underlying fund assets increase in value by 11.4%, what percentage of the gains in the asset value did you give up to the fund company in the form of fees? Enter answer in percents

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