2. Open-end Fund A has 165 shares of ATT valued at $35 each and 30 shares of Toro valued at $75 each. Closed-end Fund B has 75 shares of ATT and 72 shares of Toro. Both funds have 1,000 shares outstanding. (LG 17-5) a. What is the NAV of each fund using these prices? b. If the price of ATT stock increases to $36.25 and the price of Toro stock declines to $72.292, how does that impact the NAV of both funds? c. Assume that another 155 shares of ATT valued at $35 are added to Fund A. The funds needed to buy the new shares are obtained by selling 676 more shares in Fund A. What is the effect on Fund A's NAV if the prices remain unchanged from the original prices? 3. A mutual fund has 300 shares of General Electric, currently trad- ing at $30, and 400 shares of Microsoft, Inc., currently trading at $54. The fund has 1,000 shares outstanding. (LG 17-5) a. What is the NAV of the fund? b. If investors expect the price of General Electric to increase to $34 and the price of Microsoft to decline to $48 by the end of the year, what is the expected NAV at the end of the year? c. Assume that the price of General Electric shares is! realized at $34. What is the maximum price to which Microsoft can decline and still maintain the NAV as esti- mated in (a)