A year ago, the Really Big Growth Fund was being quoted at an NAV of $22.28 and an offer price of $23.45. Today, it's being quoted at $24.67 (NAV) and $25.97 (offer). What is the holding period return on this load fund, given that it was purchased a year ago and that its dividends and capital gains distributions over the year have totaled $1.09 per share? Assume that none of the dividends and capital gains distributions are reinvested into the fund.
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