Estimating Returns. Hunter invested $9,600 in shares of a load mutual fund. The load of the fund is 2%. When

Hunter purchased the shares, the NAV per share was $112. A year later, Hunter sold the shares at a NAV of $108 per

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

Hunter's return from selling his shares in the mutual fund is ___% .

Round to two decimal places and include a

negative sign where appropriate.)