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You purchased 2,200 shares of the New Fund at a price of $25 per share at the beginning of the year. You paid a front-end
You purchased 2,200 shares of the New Fund at a price of $25 per share at the beginning of the year. You paid a front-end load of 3%. The securities in which the fund invests increase in value by 15% during the year. The fund's expense ratio is 2.4%. What is your rate of return on the fund if you sell your shares at the end of the year?
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