One year ago, Allison purchased 350 shares of a mutual fund which has a front-end load of 5.25 percent. The NAV at the time of purchase was $30. Today, the NAV is $33. The fund had total annual expenses of 1.65 percent. There were no fund distributions this past year. What is Allison's rate of return for the year?

-1.10 percent

4.23 percent

5.00 percent

4.76 percent

-1.04 percent is Not Correct!!!!!