1. You bought 400 shares of a no-load fund, Icelandic International Fund, at $8.50 per share. Over the past year, the fund paid dividends of $.90 per share and capital gains distributions of $.75 per share. Calculate your HPR for the year if the fund now has a NAV of $9.10. Recalculate your HPR assuming all dividends and capital gains distributions are reinvested into the fund at an average price of $8.70.