You pay $21,600 to the Laramie Fund, which has a NAV of $18…
You pay $21,600 to the Laramie Fund, which has a NAV of $18 per share at the beginning of the year. The fund deducted a front-end load of 3%. The securities in the fund increased in value by 7% during the year. The fund’s expense ratio is 2% and is deducted from year-end asset values. What is your rate of return on the fund if you sell your shares at the end of the year?
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