1) You are considering an investment in a mutual fund with a 3% load and an expense ratio of 0.75%. You can invest instead in a bank CD paying 5% interest. Now suppose that instead of a front-end load the fund assesses a 12b-1 fee of 1.00% per year. What annual rate of return must the fund portfolio earn for you to be better off in the fund than in the CD? 2) You purchased 2,200 shares of the New Fund at a price of $25 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 15% during the year. The fund's expense ratio is 2.4%. What is your rate of return on the fund if you sell your shares at the end of the year? 3) Consider a mutual fund with $203 million in assets at the start of the year and with 10 million shares outstanding. The fund invests in a portfolio of stocks that provides dividend income at the end of the year of $5 million. The stocks included in the fund's portfolio increase in price by 7%, but no securities are sold, and there are no capital gains distributions. The fund charges 12b-1 fees of 0.75%, which are deducted from portfolio assets at year-end. What is the rate of return for an investor in the fund