You purchased shares of a mutual fund at a price of $20 per share at the beginning of the year and paid a front-end load of 6.0%. If the securities in which the fund invested increased in value by 10% during the year, and the fund's expense ratio was 1.5%, your return if you sold the fund at the end of the year would be
A. 1.65%.
B. 2.32%.
C. 1.99%.
D. 2.06%.
E. None of the options are correct.
Answer: C
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What will be an ideal response?