Ayear ago, the Very Large Growth Fund was being quoted at an NAV of $20.85 and an offer price of $22.18. Today, it's being quoted at $23.11 ( N AVV) and $24.59. (offer). What is the holling period return on this load fund, given that it was purchased a year ago and that its dividends and capital gains distributions over the year have totaled \$0.82 per share? Assume that none of the dividends and capital gains distributions are reinvosted into the fund. (Hint, You, as an investor, buy fund shares at the ofter price and sell at the NAV.) The holding period return on this laad fund is (Round to two decimal places.)