You are considering an investment in a mutual fund with a 3% front-end load and an expense ratio of 0.75%. you can invest instead in a bank cd paying 5% interest. a. if you plan to invest for two years, what annual rate of return must the fund portfolio earn for you to be better off in the fund than in the cd? assume annual compounding of returns. (do not round intermediate calculations. enter your answer as a percentage rounded to two decimal places.) annual rate of return: ? %

scenario: hawaii and south carolina are trading partners. hawaii has an absolute advantage in the production of both coffee and tea. the opportunity cost of producing 1 pound of tea in hawaii is 2 pounds of coffee, and the opportunity cost of producing 1 pound of tea in south carolina is 1/3 pound of coffee. which of the following statements is true? a. south carolina should specialize in the production of both tea and coffee. b. hawaii should specialize in the production of tea, whereas south carolina should specialize in the production of coffee. c. hawaii should specialize in the production of coffee, whereas south carolina should specialize in the production of tea. d. hawaii should specialize in the production of both tea and coffee.