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You purchased 1.000 shares of the New Fund at a price of $37 per share at the beginning of the year. You paid a front-end

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You purchased 1.000 shares of the New Fund at a price of $37 per share at the beginning of the year. You paid a front-end load of 2% The securities in which the fund Invests increase in value by 11% during the year. The fund's expense ratio is 1% What is your rate of return on the fund W you sell your shares at the end of the year? (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Rate of retum

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