Question: you pay 4 0 , 0 0 0 to an open end fund and the fund deducts a front end load of 5 % .

you pay 40,000 to an open end fund and the fund deducts a front end load of 5%. the securities in the fund increase in value by 20% during the year. the funds expense ratio is 1% and is deducted from year end asset values. compute the rate rate of return on your invesmtent if you sell your shares at the end of the year.

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