An investor buys shares in a mutual fund for $34.50 per share. At the end of the year, the fund distributes $1.20 per share in dividends. After the distribution, the NAV per share is $36.75. What is the investor's holding period return? Convert your answer to a percent rounded to two decimal places.

Group of answer choices

3.48%

6.52%

10.00%

None of the answers provided is correct