A year ago, the Very Large Growth Fund was being quoted at an NAV of $22.05 and an offer price of $22.97. Today, It's being quoted at $23.56 (NAV) and $24 54 (offer). What is the holding period return on this fond fund, given that it was purchased a year ago and that its dividends and capital gains distributions over the year have totaled $0.83 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.) The holding period retum on this load tund is % (Round to two decimal places)