You Purchased Shares of a Mutual Fund at a Price

Multiple Choice

You purchased shares of a mutual fund at a price of $17 per share at the beginning of the year and paid a front-end load of 5.0%. If the securities in which the fund invested increased in value by 12% during the year, and the fund's expense ratio was 1.0%, your return if you sold the fund at the end of the year would be

A) 4.75%.
B) 5.45%.
C) 5.65%.
D) 4.39%.