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Five years ago, you purchased 1000 shares of a mutual fund at an offering price of $60 a share. The fund imposes a front-end load
Five years ago, you purchased 1000 shares of a mutual fund at an offering price of $60 a share. The fund imposes a front-end load of 5 percent and has total annual expenses of 2 percent. The NAV of the fund today is $100. The mutual fund charges the back-end load 2%. What is your annualized holding period return on this investment? A). 9.96% B). 10.31% C). 10.75% D). Cannot determine based on the information given
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