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The CQL Fund has a front-end load of 0%, a back-end load of 15%, and an expense ratio of 0%. NAV of the fund at

  1. The CQL Fund has a front-end load of 0%, a back-end load of 15%, and an expense ratio of 0%. NAV of the fund at the beginning of the year (t=0) is $20. During the year, the fund paid out dividend distributions of $0.50 to investors. At the end of year, the NAV is $25. If an investor sells her fund shares at the end of the year, what is her investment return?

    6.25%

    7.00%

    8.75%

    25.63%

    None of the above

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