Hope return on the no-load fund would be

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Hope invested $7200 in a mutual fund at a time when the price per share was $27. The fund has a load fee of $328. As a result, she purchased 255 shares in the mutual fund. Hope later sold her shares in the mutual fund for $31 per share. What would her return be? If it had been a no-load fund and she purchased 267 shares, what would her return be?

A) Hope's return on the load fund would be ___ %

B) Hope's return on the no-load fund would be ___%

Reference no: EM131933529

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