Assume that one year ago, you bought 360 shares of a mutual fund for $36 a share, you received a capital gain distribution of $0.50 per share during the past 12 months, and the market value of the fund is now $40 a share.

a.Calculate the total return for your $12,960 investment.

b.Calculate the percentage of total return for your $12,960 investment.(Enter your answer as a percent rounded to 2 decimal places.)