1. Which types of mutual funds must issue new shares when money is invested in their funds? (We discussed open-end funds, money-market funds, closed-end funds, and exchange-traded funds.) 2. Why would a money-market fund that guarantees a $1 NAV be at risk of a run if they incurred losses on their investments (a "run" in this context is simply a race by investors to pull their money out of the fund)? 3. An open-end mutual fund has 1 million shares outstanding, and the true total market value of the assets at 4pm is $100 million. The fund mistakenly sets its NAV at $102 per share. a) If you own 1,000 shares, what should you do? Redeem them (i.e., sell them back to the fund), or buy more shares? Why? (No calculations are needed for this part.) b) If you redeem your 1,000 shares, what will be the effect on the market value per share of the remaining shares? (Compute to three decimal places the effect is small for this number of shares.) c) What is the effect on the market value per share of the fund if a total of 500,000 shares of the fund are redeemed at the $102 per share NAV