1. The portfolio of the Fingroup Fund is as shown in Table 2. Although it has not taken out any loans, it has accumulated a management fee of $30,000 with its portfolio manager. There are 4 million shares in circulation. What is the fund's net asset value?

2. The net asset value of an open-end fund is $10.70 per share. It's being marketed with a 6% front-end load. What is the price of the offer?

3. The net asset value of the Corporate Fund was $12.50 at the start of the year. By the end of the year, its NAV had risen to $12.10. The fund distributed $1.50 in income and capital gains at the conclusion of the year. What was the rate of return for a fund investor?

How does your answer change if you plan to invest for six years? Why does your answer change?