1. 10.00 points Fund fees and holding period return 2 You pay $22,700 to the...
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1. 10.00 points Fund fees and holding period return 2 You pay $22,700 to the Laramie Fund, which has a NAV of $13 per share at the beginning of the year. The fund deducted a front-end load of 5%. The securities in the fund increased in value by 10% during the year. The fund's expense ratio is 1.2% 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? 0 3.25% 11.14% ? 14.21% ? 9.82%
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