A mutual fund manager expects her portfolio to earn a rate of return of $9\%$ this year. The beta of her portfolio is $0\mathrm{.}7.$ The rate of retur available on risk$-$free assets is $3\%$ and you expect the rate of return on the market portfolio to be $13\%.$

a$.$ What expected rate of return would you demand before you would be willing to invest in this mutual fund?

Note: Do not round intermediate calculations. Enter your answer as a whole percent.

b$.$ Is this fund attractive to you?

a$.$ Expected rate of return

b$.$ Is this fund attractive to you?