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An ETF tracks an index that has enjoyed an 1 1 % growth in the past year. If you bought the ETF and it charged

An ETF tracks an index that has enjoyed an 11% growth in the past year. If you bought the ETF and it charged you a front-load fee of 50 basis points and had another 50 basis points MER for funds under management at the beginning of the year, what would be your total return by buying the ETF and holding it for this past year?

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