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You invest $ 211,000 in an open - ended mutual fund with a 4.51 % front - end load . Its has a management fee
You invest $ 211,000 in an open - ended mutual fund with a 4.51 % front - end load . Its has a management fee of 1.47 % and a 12b - 1 fee of 0.38 % , with expenses taken at the end of the year based on end - of - year assets . The fund earns a 6.14 % gross return in the first year , and 7.02 % gross return in the second year . What is the your average annual net return on your investment ? Note : Answer in percent , report two decimal places .
What is the your average annual net return on your investment ? Note : Answer in percent , report two decimal places .
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