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Question
One year ago, Allison purchased 350 shares of a mutual fund which has a front-end load of 5.25 percent. The NAV at the time of purchase was $30. Today, the NAV is $33. The fund had total annual expenses of 1.65 percent. There were no fund distributions this past year. What is Allison's rate of return for the year?A. -1.10 percent
B. -1.04 percent
C. 4.23 percent
D. 4.76 percent
E. 5.00 percent
Answer
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