Suppose an individual invests $50,000 in a load mutual fund for two years. the load fee entails an up-front commission charge of 3 percent of the amount invested and is deducted from the original funds invested. in addition, annual fund operating expenses (or 12b-1 fees) are 0.70 percent. the annual fees are charged on the average net asset value invested in the fund and are recorded at the end of each year. investments in the fund return 8 percent each year paid on the last day of the year. if the investor reinvests the annual returns paid on the investment, calculate the annual return on the mutual fund over the two-year investment period. (do not round intermediate calculations. round your answer to 3 decimal places.

While cell phones with holographic keyboards are currently in the introduction stage of the industry life cycle, tablet computers are in the growth stage. in the context of this scenario, which of the following statements is true? a. the industry for cell phones with holographic keyboards will face greater competition than the tablet industry. b. while the industry for cell phones with holographic keyboards will focus more on product innovation, the tablet industry will focus more on process innovation. c. while the industry for cell phones with holographic keyboards can reap the benefits of economies of scale, the tablet industry will experience no such benefits. d. the industry for cell phones with holographic keyboards will face price competition, whereas, in the tablet industry, the mode of competition will be non-price.