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Estimating Returns. Hunter invested $9,900 in shares of a load mutual fund. The load of the fund is 5%. When Hunter purchased the shares, the
Estimating Returns. Hunter invested $9,900 in shares of a load mutual fund. The load of the fund is 5%. When Hunter purchased the shares, the NAV per share was $111. A year later, Hunter sold the shares at a NAV of $106 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.)
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