1) An open-end mutual fund has the following stocks: Stock A B C D Shares 7,000 29,000 6,200 71,500 Stock Price 49 23 93 11 If there are 35,000 shares of the mutual fund, what is the NAV? 2) Suppose the fund in the previous problem has liabilities of $120,000. What is the NAV of the fund now? 3) In the previous problem (#2), assume the fund is sold with a 5.50 percent front-end load. What is the offering price of the fund? 4) A mutual fund sold $28 million of assets during the year and purchased $30 million in assets. If the average daily assets of the fund were $101 million, what was the fund turnover