Listed below is the 10-year, per-share performance record of Larry, Moe, & Curley's Growth Fund, as obtained from the fund's May 30, 2016, prospectus.

Use this information to find LM&C's holding period return in 2016 and 2013. Also find the fund's rate of return over the 5-year period 2012-2016, and the 10-year period 2007-2016. Finally, rework the four return figures, assuming the LM&C fund has a front-end load charge of 5% (of NAV). Comment on the impact of load charges on the return behavior of mutual funds.

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2016 2015 2014 2012 2011 2010 2009 2008 2007 1. Net asset value, $58.60 $52.92 $44.10 $59.85 $55.34 $3769 $35.21 S34.25 $19.68 $29.82 beginning of period Income from investment 2. 3. Netinvestment income 1.39 1.35 $ 1.09 $0.63 $0.42 0.49 0.79 S 0.37 $ 0.33 S 0.38 4. Net gains on securties 8.10 S9.39 8.63 IS6.64) S 11.39 $19.59 5.75 $2.73 15.80 (0.02 5. Total from investment 9.49 $10.74 S9.72 S(6.01) 11.81 $20.08 6.54 S3.10 16.13 0.36 , Less distributions: 7. Dividends from net 8. Distributions from ($ 0.83) S1.24) S 0.90) 0.72) S0.46) $0.65) $0.37) $0.26) IS 0.33) S 0.58) S2.42) $3.825.04 S3.25) S5.06 $0.90 ($9.74) S7.30) IS2.43) S4.06) S2.14) ($1.56) 10.50 $9.02) S6.84) $1.78) S3.69) ($1.88) ($1.23) 9.92 realized gains 9. Total distributions 10. Net asset value, end of $64.84 $58.60 $52.92 $44.10 $59.85 $55.34 $3769 $35.21 $34.25 $19.68 S5.06 peniods t value, endof