A fund starts the year with NAV 46 per share. Over the year, the fund pays out income of 2.5 per share and capital gains distributions of 2.5 per share. Assets in the portfolio grew (shrank) by 0.0025, and an expense ratio of 0.014 is charged at the end of the year. What is the rate of retum on the fund? (Hint: calculate NAV 1 first) 0.0969 0.1076 0.1002 0.0877 0.0922