Patty O Furniture Purchased 100 Shares of Green Isle Mutual

Multiple Choice

Patty O Furniture purchased 100 shares of Green Isle mutual fund at a net asset value of $42 per share.During the year, Patty received dividend income distributions of $2.00 per share and capital gains distributions of $4.30 per share.At the end of the year, the shares had a net asset value of $40 per share.What was Patty's rate of return on this investment?

A) 5.43%
B) 10.24%
C) 7.19%
D) 12.44%