You Purchased Shares of a Mutual Fund at a Price

Multiple Choice

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 5.75%. If the securities in which the fund invested increased in value by 11% during the year, and the fund's expense ratio was 1.25%, your return if you sold the fund at the end of the year would be

A) 4.33%.
B) 3.44%.
C) 2.45%.
D) 6.87%.