Malik David purchased 100 shares of the Canadian Textile Fund at CAD 25 at the beginning...

Malik David purchased 100 shares of the Canadian Textile Fund at CAD 25 at the beginning of the year and was subject to a front-end load of 4.5%. The net asset value of the fund increased by 11% during the year while the fund's expense ratio was 1.2%. The annual return earned by David if he sells at year's end is closest to:

Group of answer choices

4.50%.

4.86%.

5.30%.

9.82%.

Expert Solution

jeff jeffy answered 4 months ago

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