Problem 4-10 Mutual Fund Returns (LO2, CFA2) You invested $60,000 in a mutual fund at the beginning of the year when the NAV was $56.21. At the end of the year, the fund paid $0.34 in short-term distributions and $0.51 in long-term distributions. If the NAV of the fund at the end of the year was $62.84, what was your return for the year? (A negative value should be indicated by a minus sign. Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Rate of return