1A. A mutual fund had year-end assets of $700,000,000 and liabilities of $7,000,000. There were 40,150,000 shares in the fund at year end. What was the mutual fund's net asset value?

		$9.63
		$57.71
		$16.42
		$17.87
		$17.26

1B.

You have been given this probability distribution for the holding-period return for KMP stock: Stock of the Economy Probability HPR Boom 0.30 18 % Normal growth 0.50 12 % Recession 0.20 5 % What is the expected standard deviation for KMP stock? 6.91% 7.25% 8.13% 8.85% 7.79%