Business, 03.12.2019 23:31 cam961

You purchased 1,000 shares of the new fund at a price of $39 per share at the beginning of the year. you paid a front-end load of 3.4%. the securities in which the fund invests increase in value by 8% during the year. the fund's expense ratio is 1.4%. what is your rate of return on the fund if you sell your shares at the end of the year? (do not round intermediate calculations. round your answer to 2 decimal places.)

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You purchased 1,000 shares of the new fund at a price of $39 per share at the beginning of the year....

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