4 Months Ago, You Purchased 800 Shares of a Mutual

Multiple Choice

4 months ago, you purchased 800 shares of a mutual fund at an offering price of $46.50 a share. The find imposes a front-end load of 4% and has a total annual expense of 0.95%. The NPV of the fund today is $48.63. There were no fund distributions or dividends. What was your holding period return on this investment?

A) 4.77%
B) 5.11%
C) 4.95%
D) 3.96%
E) 4.58%