You purchased 1,000 shares of the 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 increase in value by 12% during the year. The funds expense ratio is 1.2%. What is your rate of return on the fund if you sell your shares at the end of year?

can i have more calculation details or reasons? thanks!