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Assume that you purchased shares of High Flying mutual fund at a net asset value of $12.50 per share. During the year, you received dividend

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Assume that you purchased shares of High Flying mutual fund at a net asset value of $12.50 per share. During the year, you received dividend income distributions of 80.78 per share and capital gains distributions of S1.67 per share. At the end of the year, the shares had a net asset value of $13.87 per share. What was your rate of return on this investment? 29.43% 30.56% 31.19% 32.44% 29.18%

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