You purchased shares of a mutual fund at a price of $20 per share at the beginning of the year and paid a front-end load of 6.0%. If the securities in which the fund invested increased in value by 10% during the year, and the fund's expense ratio was 1.5%, your return if you sold the fund at the end of the year would be

Multiple Choice

• 2.06%.
• None of the options are correct.
• 1.65%.
• 1.85%.
• 2.32%.