QUESTION 15 One year ago, you purchased $8,000 worth of a mutual fund at an offering price of $41.40 a share. Today, the fund distributed $0.20 per share in short-term gains and $1.04 per share in long-term gains. The current offering price is $46.60. The fund has a front-end load of 5 percent and total annual operating expenses of 1.25 percent. What is your rate of return on this investment? 2.87 percent 9.93 percent 7.48 percent 6.06 percent 3.54 percent