You are looking at the performance of the mutual fund you bought last year. You Invested $1000
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Question:
You are looking at the performance of the mutual fund you bought last year. You Invested $1000 for $25.00 before fees in the GoGo Equity fund. The fund management company charged a 4% upfront load. During the year, you collected a dividend of $1.00. At the end of the year, the fund was trading for $26.00
What was your rate of return?
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