Hope invested $11,400 in a mutual fund at a time when the price per share was $47.00. The fund has a

Hope invested $11,400 in a mutual fund at a time when the price per share was $47.00. The fund has a load fee of $416. As a result, she purchased 234 shares in the mutual fund. Hope later sold her shares in the mutual fund for $63 per share. What would her return be? If it had been a no-load fund and she purchased 243 shares, what would her return be?1) Hope’s return on the load fund would be ___%2) Hope’s return on the no-load fund would be___%

 

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