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Assume that you purchased shares of High Flying mutual fund at a share price of $12.50 per share. During the year you received dividend income

Assume that you purchased shares of High Flying mutual fund at a share price of $12.50 per share. During the year you received dividend income distributions of $0.78 per share. At the end of the year the shares had a share price $13.87 per share. What was your rate of return on this investment?

Select one:

A. 10.96%.

B. 17.50%.

C. 17.20%.

D. 4.72%.

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