PROBLEM $5$

The net asset value per share of Fidelity Blue Chip open end mutual fund is $$35\mathrm{.}40.$ If an investor purchases

shares in this fund and pays a $5\%$ load fee, what does he pay for a share of the mutual fund? If the fund pays

$$1\mathrm{.}27$ per share dividend for the vear and he sells the shares after one year for $$41\mathrm{.}29,$ what is the percentage

return on his investment?