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You purchased 1,500 shares of the New Fund at a price of S20 per share at the beginning of the year. You paid a front-end

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You purchased 1,500 shares of the New Fund at a price of S20 per share at the beginning of the year. You paid a front-end load of 5% The securities in which the fund invests increase in value by 14% during the year The fund's expense ratio is 1 7%. What is your rate or return on the fund if you sell your shares at the end of the year? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Rate of return

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