One Year Ago,you Purchased 421 Shares of a Mutual Fund

One year ago,you purchased 421 shares of a mutual fund when both the offering price and the NAV were $10.80 a share.Today,the NAV is $10.64 after today's distribution of $1.48 per share in short-term gains.There is no long-term gain distribution.What is your rate of return?

A) 10.99 percent
B) 12.04 percent
C) 12.22 percent
D) 14.29 percent
E) 14.41 percent