You purchased shares of a mutual fund at a price of \$12 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

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You purchased shares of a mutual fund at a price of \$12 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 1.5%, your return if you sold the fund at the end of the year would be_____%.

2.65

4.75

1.95

3.54

2.39

Giải thích

Chọn đáp án E

Giải thích: Cost*(1-Front End Load) 12*(1-0.0475)

(120.9525 ((1+0.09)-0.015))-12/12

11.43*(1.09-0.015)-12/12

11.43*(1.075)-12/12

12.28725-12/12

0.28725/12

=0.0239

=2.39%