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) 50.86%
D) 65.00%