You invested in the no-load Best Mutual Fund one year ago by purchasing

700

shares of the fund at the net asset value of

$19.12

per share. The fund distributed dividends of

$2.02

and capital gains of

$1.95

.

Today, the NAV is

$21.10

.

If Best was a load fund with a

4

%

front-end load, what would be the HPR?

Your holding period return would be

nothing

%.

(Round to two decimal places.)