Determine the total return

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Question - You purchased shares of a mutual fund at a price of $20.6 per share two years ago and paid a front-end load of 33% at that point. Assume that the securities in which the fund invested in increased in value by 5.1% during the first year and 4.1% during the second year. Assume further that the fund's expense ratio was 1.6%. Determine the total return if you sold the fund at the end of the second year?

Reference no: EM133169581

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