you pay $120,000 to the Laramie Fund, which has a NAV of $15 per share at the begining of the year. The fund deducted a front-end load of 5%. The securities in the fund increased in value by 14% during the year. The fund's expense ratio is 1.20% and is deducted from year-end asset values. What is your rate of return in % on the fund if you sell your shares at the end of the year?( Round your answer to 2 decimals.)