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One year ago, you purchased $3,500 worth of a mutual fund at an offering price of $33.18 a share. Today, the fund distributed $1.00 in
One year ago, you purchased $3,500 worth of a mutual fund at an offering price of $33.18 a share. Today, the fund distributed $1.00 in short-term gains and $6.98 in long-term gains. The current NAV of the fund is $34.22. The fund has a front-end load of 5 percent and total annual operating expenses of 1.3 percent. What is your return on this fund for the past year?
Group of answer choices
8.49%
27.19%
16.64%
12.77%
21.55%
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