On January 2nd, the assets and prices at 4 PM are:

Stock	Shares owned	Price
Cisco Systems	3,000	$55.00
Deere & Co.	2,050	$120.00
eBay Inc.	15,000	$20.00
Ford Motor	6,400	$20.00
Macy's Inc.	5,000	$50.40

Question: The same investor decides to redeem all fund shares that he/she has bought on January 1st and submits an order to redeem before 4 PM on January 2nd. Assume that the fund also charges 1% back-end load. What is this investors one-day rate of return?

a) -12.88%

b) 1.65%

c) -15.43%

d) -9.25%