1. You bought shares a year ago into the Mammoth Mutual Fund, which had a $48.95 NAV at the time. The fund is a load fund with a 1.9% load. The fund paid dividend distributions of $.1.31 for the year and $3.66 capital gains distributions for the year. The current NAV is 49.25. Calculate your HPR if you sell at this time. Recalculate your HPR if this was a no-load fund