Assume that you purchased shares of Grounded mutual fund at a net asset value of $ 12.00 per share. At the end of the year, the shares had a net asset value of $13.50 per share. During the year, you received dividend income distributions of $0.72 per share and capital gains distributions of $1.55 per share. What was your rate of return on this investment?

18.5

28.12

30.56

29.66

31.42%