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A year ago, an investor bought300shares of a mutual fund at$7.56per share. This year, the fund has paid dividends of$0.71per share and had a capital

A year ago, an investor bought300shares of a mutual fund at$7.56per share. This year, the fund has paid dividends of$0.71per share and had a capital gains distribution of$0.51per share.

a. Find the investor's holding period return, given that this no-load fund now has a net asset value of$8.11.

b. Find the holding period return, assuming all the dividends and capital gains distributions are reinvested into additional shares of the fund at an average price of $7.87 per share.

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