You Purchased 500 Shares in a Mutual Fund for $32

Multiple Choice

You purchased 500 shares in a mutual fund for $32 NAV. You elected the dividend reinvestment plan and had all dividend and capital gains distributions reinvested in additional shares. You just closed your account and sold 550 shares for $48 NAV. What was your total return on this investment?

A) 24.03%
B) 34.29%
C) 41.44%
D) 50.86%