You have $15,000 to invest in a mutual fund. You choose a fund with a 3.5 percent front load, a 1.75 percent management fee, and a 0.5 percent 12b-1 fee. Assume, for simplicity, that the management and 12b-1 fees are charged on year-end assets. The gross annual return on the fund's shares was 12.50 percent. What was your net annual rate of return to the nearest basis point? a. 9.97% b. 6.12% c. 9.25% d. 5.42% e. 8.56%

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A: …

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A: Part (a): Answer: Net asset value is $10

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Q: Consider a no-load mutual fund with $457 million in assets and 12 million shares at the start of the…

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A: NAV = $23.70 Selling Value =$25.30

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Q: NAV

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