A noload mutual fund had NAV per share of $24.00 on January 1. On December 31 of the same year the fund's NAV was $26.49. Income distributions were $1.15 and the fund had capital gain distributions of $1.95. Without considering taxes and transactions costs, what rate of return did an investor receive on the fund last year?

What is the geometric average return of a stock that returned 39%, -30%, 48%, -15% and 36% over the last 5 years?