Six months ago, you purchased $200$ shares of a Mutual Fund at an offering price of $$54$ a share. The Fund imposes a front$-$end load of $4\mathrm{.}5$percent and has total annual expenses of $1\mathrm{.}08$percent. The NAV of the Fund today is $$52\mathrm{.}40.$ There were no fund distributions during these six months. What is your holding period return on this investment?

TIP: Rate of Return$=($NAV $-$ Offering Price$)/$Offering Price

Rate of Return$=($$$52\mathrm{.}40-$ $$54)/$$$54$

Group of answer choices

$-2\mathrm{.}96$percent

$-1\mathrm{.}92$percent

$1\mathrm{.}44$percent

$1\mathrm{.}89$percent

None