chapter 17 Q17

Estimating Returns. Hope invested $5,800 in a mutual fund at a time when the price per share was $17. The fund has a load fee of $150. As a result, she purchased 332 shares in the mutual fund. Hope later sold her shares in the mutual fund for $22 per share. What would her return be? If it had been a no-load fund and she purchased 341 shares, what would her retum be? Hope's return on the load fund would be \%. (Round to two decimal places.)