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Two years ago an investor invested $28 thousand into a fund with a 4% front-end load, a 1.8% annual expense ratio, and a NAV of

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Two years ago an investor invested $28 thousand into a fund with a 4% front-end load, a 1.8% annual expense ratio, and a NAV of $33.85 per share. The securities in the fund increased by 8 percent each year, and then the investor sold the fund. What was the investor's total holding period return? Enter answer in percents, accurate to two decimal places

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