A Mutual Fund Has a NAV of $46

Multiple Choice

A mutual fund has a NAV of $46.20 at the beginning of the year. The fund distributes a dividend of $0.32 and a capital gain of $0.87 at the end of the year. If you purchased 2,000 shares at the beginning of the year and the end of year NAV was $49.10, what was your return for the year?

A) 6.97%
B) 8.85%
C) 8.16%
D) 6.28%
E) 8.34%