1. You purchased 2,700 shares of the New Fund at a price of $30 per share at the beginning of the year. You paid a front-end load of 3%. The securities in which the fund invests increase in value by 12% during the year. The fund's expense ratio is 1.5%. What is your rate of return on the fund if you sell your shares at the end of the year? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Rate of return             %

2. The _____ of a security divided by the beta of that security is equal to the slope of the security market line if the security is priced fairly. which of the following? nominal return real return risk premium expected return