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5. An open-end mutual fund has the following stocks: Stock Shares Stock Price A 6,000 $98 B 33,000 $19 C 4,600 $89 D 82,500 $12
5. An open-end mutual fund has the following stocks:
| Stock | Shares | Stock Price |
| A | 6,000 | $98 |
| B | 33,000 | $19 |
| C | 4,600 | $89 |
| D | 82,500 | $12 |
If there are 50,000 shares of the mutual fund, what is the NAV?
6. Suppose the fund in Problem 5 has liabilities of $110,000. What is the NAV of the fund now?
7. In problem 6, assume the fund is sold with a 6.25 percent front-end load. What is the offering price of the fund?
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