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 above