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Question 40 (1 point) A mutual fund charges 3% front-load fee and has a 1% expense ratio. Assume the NAV of the fund is currently

Question 40 (1 point) A mutual fund charges 3% front-load fee and has a 1% expense ratio. Assume the NAV of the fund is currently $13. The fund is expected to grow at 7% each year. You plan to sell the fund in 5 years. What would be your effective annual return on your $15,000 investment over the next 5 years? 7.65% 07% 6% 5.36% None of the answers is correct answers

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