The Net Asset Value of a Mutual Fund Has Decreased

Multiple Choice

The net asset value of a mutual fund has decreased from $2,700 on December 31 to $1,330 now. The percent decrease in value is about:

A) 103 percent.
B) 1.03 percent.
C) 0.507 percent.
D) 50.7 percent.
E) 5.07 percent.