You have $15.000 to invest in a mutual fund. You choose a fund with a 3.0 percent front load, a 1.5 percent management fee, and a 0.75 percent 12b-1 fee. Assume for simplicity, that the management and 120 1 fees are charged on year end assets, The gross annual return on the fund's shares was 13.50 percent.

What was your net annual rate of return to the nearest basis point?

Answer rating: 100% (QA)

Calculate the amount after front load Initial investment after front load Initial in... View the full answer