Question 43 (1 point) A mutual fund charges 2% front-load fee. The net asset value of the fund is $14. The mutual fund's net asset value is assumed to grow by 7% over the next 12 years. (The fund is assumed to earn 7% compounded annually for 12 years) What will the effective annual return be on the mutual fund over the 12-year period? None of the answers is correct 5.57% 6.82% 5% 6%