Firm specific risk is also called $$ and $$

systematic risk, diversifiable risk

systematic risk, non$-$diverslfiabte risk

unique risk, non$-$diversifiable risk

$$ unlque risk, diversifiatie risk

Consider a mutual fund with $$300$ million in assets at the start of the year, and $12$ million shares outstanding. If the gross return on assets is $18\%$ and the total expense ratio is $2\%$ of the year$-$end value, what is the rate of return on the fund?

$15\mathrm{.}64\%$

$16\mathrm{.}0076$

$17\mathrm{.}25\%$

$17\mathrm{.}5006$