Question: 2. A $2 million fund is charging a back-end load of 1.5%, 12b-1 fees of 1%, and an expense ratio of 2.5%. Prior to deducting

2. A $2 million fund is charging a back-end load of 1.5%, 12b-1 fees of 1%, and an expense ratio of 2.5%. Prior to deducting expenses, what must the fund value be at the end of the year for investors to break even?

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