You purchased 2,000 shares of the Maverick Select Equity 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 the portfolio increased in value by 12.64% during the year. The fund's expense ratio is 0.76%. What is the rate of return on your fund purchase if you sell your shares at the end of the year? Answer in % terms but without the % sign. Answer to the nearest 2 decimal places