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Question
Five months ago, you purchased 200 shares of a mutual fund at an offering price of $54 a share. The fund imposes a front-end load of 4.5 percent and has total annual expenses of 1.08 percent. The NAV of the fund today is $52.40. There were no fund distributions during these five months. What is your holding period return on this investment?A. -2.96 percent
B. -1.92 percent
C. 1.44 percent
D. 1.89 percent
E. 2.26 percent
Answer
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