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A no-load mutual fund starts the year with $315 million in net assets and 24 million shares outstanding. It ends the year with $349 million

image text in transcribed A no-load mutual fund starts the year with $315 million in net assets and 24 million shares outstanding. It ends the year with $349 million in net assets, and 27 million shares outstanding. The fund made dividend distributions of $1.7 per share and capital gains distributions of $1.7 per share during the year. What was the rate of return on the fund for the year? Enter answer in percents, accurate to two decimal places

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