Question: Here are the NAVs for a no-load mutual fund that paid no distributions: April 2 NAV=$11.5 Apr 3 NAV=$12.5 Apr 4 NAV=$12.1 Apr 5 NAV=$13.5

Here are the NAVs for a no-load mutual fund that paid no distributions:

April 2 NAV=$11.5 Apr 3 NAV=$12.5 Apr 4 NAV=$12.1 Apr 5 NAV=$13.5

What is your return if you buy the fund on April 2 at 10am and sell it on Apr 4 at 5pm?

17.39%

5.22%

8%

-3.2%

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