You purchase 100 shares of Didelity Mutual fund at the beginning of the year. The NAV at the beginning was $20 per share and there is a 5% front-end load to get in. This fund invested in securities that increased in value by 10% by the end of the year. The expense ratio of this fund is 1.5%. What is your rate of return if you sell this fund at the year end ?

Group of answer choices

2.32%

1.99%

1.65%

3.08%

2.06%.