28) One year ago, you purchased 421 shares of a mutual fund when both the offering price and the NAV were S10.80 a share. Today, the NAV is $10.64 after today's distribution of $1.48 peir share in short-term gains. There is no long-term gain distribution. What is your rate of return? A) 10.99 percent B) 12.04 percent C) 12.22 percent D) 14.29 percent E) 14.41 percent