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Explain all steps of calculcations You purchased shares of a mutual fund at a price of $27 per share at the beginning of the year

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Explain all steps of calculcations

You purchased shares of a mutual fund at a price of $27 per share at the beginning of the year and paid a front-end load of 1.2%. If the securities in which the fund invested increased in value by 12.9% during the year, and the fund's expense ratio was 2.6%, your return if you sold the fund at the end of the year would be 0

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