14. Consider a mutual fund with $100 million in assets at the start of the year. If the gross return on assets is 10% and total expense ratio is 5% of the year-end value, what is the return of the fund? A. 3.5% NAV=5100mil B. 4.0% C. 4.5% D. 5.0% 15. Suppose the weights for the optimal risky portfolio (for 2 risky securities), are 60% in asset A and 40% in asset B. For an investor with a particular risk-aversion, the optimal allocation in the risky portfolio is 50%(y=0.5). Based on this information, what is the final allocation for the complete portfolio for this particular investor in each risky security? A. 60% and 40% B. 50% and 30% C. 40% and 20% D. 30% and 20%