You have $5,000 to invest. You use all of your $5,000 to purchase shares of an open-end mutual fund at the beginning of the year. The fund has a front end load of 4%. The securities in the fund increase in value by 10% during the year. The funds expense ratio is 2% and is deducted from portfolio assets at year-end. At the end of the year, you redeem your shares. 23. What is the rate of return on the mutual fund (to the closest whole percent)? A) 4% B) 6% C) 8% D) 10% E) 12%