Last year your friend, who has not taken this investments class, invested $25 thousand into a fund with a 4.9% frontend load, a 1.4% annual expense ratio, and a NAV of $39.49 per share. The securities in the fund increased by 10.5 percent over the course of a year, and your friend sold the fund. What was your friend's rate of return on this investment? Enter answer in percents, accurate to two decimal places. Last year your friend, who has not taken this investments class, invested $25 thousand into a fund with a 4.9% frontend load, a 1.4% annual expense ratio, and a NAV of $39.49 per share. The securities in the fund increased by 10.5 percent over the course of a year, and your friend sold the fund. What was your friend's rate of return on this investment? Enter answer in percents, accurate to two decimal places