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34) The Aggressive Eastern Fund sold $167 million of assets during the year and purchased $162 million of new assets. The average daily assets of the fund were $248 million. What is the turnover rate? 35) You invest $5,000 in a mutual fund that averages 12% annually. The f of 1.5%. of 48, a redemption fee of 1% if held less than 5 years, and an expense ratio a. If the NAV is $18, what is the offering price? b. If you hold the shares for 4 years, what is the value of the investment