You purchased 1,000 shares of the New Fund at a price of $30 por share at the beginning of the year, You paid a front-end load of 4% : The securities in which the fund invests increase in value by 12% during the year. The fund's expense ratio is 1.2%. Required: What is your rate of teturn on the fund if you sell your shares at the end of the year? Note: Do not round intermediate calculations. Round your answer to 2 decimal places