Alex invested

$6,500

in shares of a load mutual fund. The load of the fund is

3%.

When Alex purchased the shares, the NAV per share was

$64.

A year later, Alex sold the shares at a NAV of

$61

per share. What is Hunter's return from selling his shares in the mutual fund?

Alex's return from selling his shares in the mutual fund is

enter your response here%.

(Round to two decimal places and include a negative sign where appropriate.)