16. You buy a mutual fund at a NAV of $22.50 per share. You pay a 3.5% front-end load. You sell the shares one year later at a NAV of $32.50 per share and pay a back-end load of 2.0%. During the year, you received a dividend distribution of $1.80 per share. What was the rate of return you earned on this investment? a. 20.2% b. 55.0% . 44.1% d. 18.7%