[Solved] A mutual fund had NAV per share of $19.00 on January 1, 2016. On December 31 of the same year, the fund's NAV was $19.14. Income distributions were $0.57, and the fund had capital gain distributions of $1.12. Without considering taxes and transactions costs, what rate of return did an investor receive on the fund last year? A) 11.26% B) 10.54% C) 7.97% D) 8.26% E) 9.63% Microscopic Examination: The study or analysis of materials using a microscope to view details not visible to the naked eye. Conception: The moment when a sperm fertilizes an egg, leading to the beginning of pregnancy. Testicular: Related to the testes, the male reproductive glands that produce sperm and testosterone. Uterus: A female reproductive organ in mammals, including humans, where offspring are conceived and in which they gestate before birth.