You just paid $1,831 for shares of a mutual fund that has a NAV of $17.44 per share. There is an entry fee (also called a front-end load) of 3%. This year, the fund paid dividends of $2.91 per share and the fund earned capital gains of $1.29 per share, which it also paid out. If you sell your shares in the fund for the NAV of a share of the fund, $21.22, what is your holding period return (HPR)? Assume no transaction costs except the entry fee, no taxes, and that the dividends and capital gains are paid at the end of the year. Please note that mutual funds can and do trade in fractional shares - that is, the number of shares that you purchase or sell does not need to be a whole number.