The Laramie Fund is a no-load mutual fund with $300 million in assets and 12 million shares at the start of the year. The securities in the fund increased in value by 18% during the year. The fund's expense ratio is 2% and is deducted from year-end asset values. What is your rate of return on the fund if you sell your shares at the end of the year?

A.15.64%

B.16%

C.17.25%

D.17.5%