1. An investor purchases a mutual fund share for $100. The fund pays dividends of $4, distributes a capital gain of $5, and charges a fee of $3 when the fund is sold one year later for $114. What is the net rate of return from this investment?
2. An investor purchases a mutual fund for $60. The fund pays dividends of $.50, distributes a capital gain of $2, and charges a fee of $2 when the fund is sold one year later for $68.50. What is the net rate of return from this investment?