A year$$ ago, the Very Large Growth Fund was being quoted at an NAV of $$$$21\mathrm{.}95$ and an offer price of $$$$22\mathrm{.}63.$Today$,$ it's being quoted at $$$$23\mathrm{.}94($NAV$)$ and $$$$24\mathrm{.}68($offer$).$ What is the holding period return on this load$$ fund, given that it was purchased a year ago and that its dividends and capital gains distributions over the year have totaled $$$$0\mathrm{.}87$ per$$ share? Assume that none of the dividends and capital gains distributions are reinvested into the fund. $($Hint: $$You$,$ as an$$ investor, buy fund shares at the offer price and sell at the$$ NAV.$)$

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Part $1$

The holding period return on this load fund is enter your response here$\%.($Round to two decimal$$ places.$)$