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You purchased shares of a mutual fund at a price of $20 per share at the...

You purchased shares of a mutual fund at a price of $20 per share at the beginning of the

year and paid a front-end load of 6.0%. If the securities in which the fund invested

increased in value by 10% during the year, and the fund's expense ratio was 1.5%, your

return if you sold the fund at the end of the year would be

a. 1.99%

b. 2.32%

c. 1.65%

d. 2.06%

e. None of the options are correct

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