Question: the correct answer is 8% how he get this answer Mutual Funds Inv. One 1 ) A mutual fund has an expense ratio of 1.5%.

the correct answer is 8% how he get this answer

Mutual Funds Inv. One 1 ) A mutual fund has an expense ratio of 1.5%. An investor purchased 100 shares of the mutual fund at the offer price of $15 per share at the beginning of the year but paid a front-end load of 4%. The securities in which the fund invests increase in value by 14% during the year. Find the investor's return during the year

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