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 4.75%. If the securities in which the fund invested increased in value by 9% during the year, and the fund's expense ratio was 1%, what would your return be if you sold the fund at the end of the year? Select the answer closest to the correct number. 3.44% 1.79% 1.55% 2.87% 8%