(1) Mutual funds are ... -end funds, with buy-ins, that serve the investment and financing needs of which of the following parties? (Hint: Assume a U.S.-based mutual fund.) Check all that apply. Municipal governments Corporations Individual investors The U.S. Treasury Suppose that the shares of a mutual fund have a market value of $700 million (after accounting for management expenses) and there are 20 million shares of the mutual fund. The net asset value (NAV) per share is