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 6.0%. If the securities in which the fund invested increased in value by 10% 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

A) 1.99%.
B) 2.32%.
C) 1.65%.
D) 2.06%.
E) None of the options are correct.