Question 19 (of 26) 19 You pay $21,800 to the Laramie Fund, which has a NAV of $14 per share at the beginning of the year. The fund deducted a front-end load of 4% The securities in the fund increased in value by 10% duringthe year. The fund's expense ratio is 1.3% and is deducted from year-end asset values. What is your rate of return on the fund if you sell your shares at the end of the year? 4.23%