The AL Fund has a front-end load of 5%, a back-end load of 3% and an expense ratio of 1%. NAV of the fund at the beginning of the year (=0) is $20. During the year, the fund paid out dividend distributions of $0.60 to investors. Assume the stocks in the AL Fund went up by 10% during the year. What is the NAV at year end (at t=1)? 0 $21 33 O 21.78 0 $22.00 $22.38 O None of the above