Estimating Returns. Hunter invested $9,600 in shares of a load mutual fund. The load of the fund is 2%. When Hunter purc

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answerhappygod
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Estimating Returns. Hunter invested $9,600 in shares of a load mutual fund. The load of the fund is 2%. When Hunter purc

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Estimating Returns. Hunter invested $9,600 in shares of a load mutual fund. The load of the fund is 2%. When
Hunter purchased the shares, the NAV per share was $112. A year later, Hunter sold the shares at a NAV of $108 per
share. What is Hunter's return from selling his shares in the mutual fund?
Hunter's return from selling his shares in the mutual fund is ___% .
Round to two decimal places and include a
negative sign where appropriate.)
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