Listed here,

		2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
1	Net asset value, beginning of period	58.6	52.92	44.1	59.85	55.34	37.69	35.21	34.25	19.68	29.82
2	Income from investment operations:
3	Net investment income	1.39	1.35	1.09	0.63	0.42	0.49	0.79	0.37	0.33	0.38
4	Net gains on securities	8.1	9.39	8.63	(6.64)	11.39	19.59	5.75	2.73	15.8	(0.02)
5	Total from investment	9.49	10.74	9.72	(6.01)	11.81	20.08	6.54	3.1	16.13	0.36
6	Less distributions:
7	Dividends from net investment income	(0.83)	(1.24)	(0.90)	(0.72)	(0.46)	(0.65)	(0.37)	(0.26)	(0.33)	(0.58)
8	Distributions from realized gains	(2.42)	(3.82)	0	(9.02)	(6.84)	(1.78)	(3.69)	(1.88)	(1.23)	(9.92)
9	Total distributions	(3.25)	(5.06)	(0.90)	(9.74)	(7.30)	(2.43)	(4.06)	(2.14)	(1.56)	(10.50)
10	Net asset value, end of period	64.84	58.6	52.92	44.1	59.85	55.34	37.69	35.21	34.25	19.68

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 20122016 , and the 10-year period 20072016.Finally, rework the 4 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.

The holding period return for 2016 is ____%.(Round to two decimal places.)

The holding period return for 2013 is ____%.(Round to two decimal places.)

The fund's rate of return over the 5-year period of 2012-2016 is _____ %.(Round to two decimal places.)

The fund's rate of return over the 10-year period of 20072016 is _____%.(Round to two decimal places.)

Assuming a front-end load charge of 5% (of NAV), the holding period return for 2016 is _____%.(Round to two decimal places.)

Assuming a front-end load charge of 5% (of NAV), the holding period return for 2013 is _____ %.(Round to two decimal places.)

Since the front-end load________ (increase or decrease) the total return and _______(increase or decrease) the purchase price, the cumulative effect will be a(n) ______(increase or decrease) in the HPR.

Assuming a front-end load charge of 5% (of NAV), the fund's rate of return over the 5-year period of 20122016 is _____ %. (Round to two decimal places.)

Assuming a front-end load charge of 5% (of NAV), the fund's rate of return over the 10-year period of 20072016 is _____ %. (Round to two decimal places.)

In both cases, the yield went ______(up or down) but only marginally compared to the one-year HPR, which______ (increase or decrease) significantly. This occurs because of the impact of the front-end load, payable only at the time of the initial purchase, is _____(maximized or minimized) over longer holding periods.