You Purchase 500 Shares of a Mutual Fund with a Front-End

Multiple Choice

You purchase 500 shares of a mutual fund with a front-end load of 5 percent and a NAV of $63.12. The assets of the fund (including reinvested dividends) appreciated at 12 percent for the year, and the fund had total expenses of 1.80 percent. What was your return for the year?

A) 12.00%
B) 4.70%
C) 6.40%
D) 10.20%
E) 4.94%