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You purchased 1 , 0 0 0 shares of New Fund at a price of $ 2 0 per share at the beginning of the

You purchased 1,000 shares of New Fund at a price of $20 per share at the beginning of the year. You paid a front end load of 4%. The securities in which the fund invests increases in value by 12% during the year. The funds expense ratio is 1.2%. What is your return on the fund if you sell your shares at the end of the year.
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