12.1

A year ago, an investor bought 600 shares of a mutual fund at $7.64 per share. This year, the fund has paid dividends of $0.77 per share and had a capital gains distribution of $0.54 per share. a. Find the investor's holding period return, given that this no-load fund now has a net asset value of $8.23. b. Find the holding period return, assuming all the dividends and capital gains distributions are reinvested into additional shares of the fund at an average price of $7.79 per share. a. Given that this no-load fund now has a net asset value of $8.23, the investor's holding period return is 24.86%. (Round to two decimal places.) b. Assuming all the dividends and capital gains distributions are reinvested into additional shares of the fund at an average price of $7.79 per share, the holding period return is \%. (Round to two decimal places.)