A bank offers $30-$year, $$210,000$ mortgages at $5\mathrm{.}3$ percent and charges a $$4,300$ refundable loan application fee. The current disclosure law requires that any fees that will be refunded if the applicant is rejected be included in calculating the APR.

What is the APR that they are required to disclose? $($Do not round intermediate calculations and round your final answers to $2$ decimal places. $($e$.$g$.,32\mathrm{.}16))$

Insecurity Bank and Trust

$($Refundable$)$

APR $\%\%.....$

Studies of the performance of professionally managed mutual funds find that these funds:

Multiple Choice

$$ outperform a market index. Assuming mutual fund managers rely primarily on public information, this finding supports the semistrong form of the efficient

do not outperform a market index. Assuming mutual fund managers rely primarily on public information, this finding refutes the semistrong form of the ef do not outperform a market index. Assuming mutual fund managers rely primarily on public information, this finding supports the semistrong form of the

None of these is correct.

outperform a market index. Assuming mutual fund managers rely primarily on public information, this finding refutes the semistrong form of the effici