1. A mutual fund holds securities with a market value of $25 million and has liabilities of $4 million. If the fund has 3 million shares outstanding, what is its NAV? 2. You wish to invest $10,000 in a no-toad mutual fund that has an expense ratio of 1.50%. If the fund earns a return of 7.00%, what is your net return in dollars? What is your net percentage return