You pay $$23,500$ to the Laramie Fund, which has a NAV of $$29$ per share at the beginning of the year. The fund deducted a front$-$end load of $5\%.$ The securities in the fund increased in value by $10\%$ during the year. The fund's expense ratio is $1\mathrm{.}5\%$ and is deducted from year$-$end asset values. What is your rate of return on the fund if you sell your shares at the end of the year?

Multiple Choice

$17\mathrm{.}88\%$

$13\mathrm{.}69\%$

$15\mathrm{.}40\%$

$2\mathrm{.}93\%$