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Question
One year ago, you purchased $6,000 worth of a mutual fund at an offering price of $38.10 a share. Today, the fund distributed $0.20 in short-term gains and $1.04 in long-term gains. The current offering price is $41.80. The fund has a front-end load of 5 percent and total annual operating expenses of 1.25 percent. What is your rate of return on this investment?A. 2.87 percent
B. 3.54 percent
C. 6.06 percent
D. 7.48 percent
E. 9.91 percent
Answer
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