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You invested in the no-load Best Mutual Fund one year ago by purchasing 800 shares of the fund at the net asset value of $18.54

You invested in the no-load Best Mutual Fund one year ago by purchasing 800 shares of the fund at the net asset value of $18.54 per share. The fund distributed dividends of $1.48 and capital gains of $1.92. Today, the NAV is $20.48. If Best was a load fund with a 3% front-end load, what would be the HPR?

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