5. You have S 15,000 to invest in a mutual fund. You choose a fund with a 3.5% front load, a 1.75% management fee, and a 0.5% 12b-1 fee. Assume that the management and 12b-1 fees are charged on year-end assets for simplicity. The gross annual return on the fund's shares was 12.50%. What was your net annual rate of return to the nearest basis point? 6. You wish to invest $17,445 in a mutual fund with a NAV of $26.03. The fund charges a front- end load of 4.50%. How many fund shares will you receive? 7. On Monday an equity mutual fund has cash of $150 and stocks worth $900. The fund has 100 shares outstanding. On Tuesday the stocks fall in value to S by the fund. Assuming that the fund uses its cash first to cover redemptions, what is the one-day g fund shareholders, and how much cash and stock does the fund 5. You have S 15,000 to invest in a mutual fund. You choose a fund with a 3.5% front load, a 1.75% management fee, and a 0.5% 12b-1 fee. Assume that the management and 12b-1 fees are charged on year-end assets for simplicity. The gross annual return on the fund's shares was 12.50%. What was your net annual rate of return to the nearest basis point? 6. You wish to invest $17,445 in a mutual fund with a NAV of $26.03. The fund charges a front- end load of 4.50%. How many fund shares will you receive? 7. On Monday an equity mutual fund has cash of $150 and stocks worth $900. The fund has 100 shares outstanding. On Tuesday the stocks fall in value to S by the fund. Assuming that the fund uses its cash first to cover redemptions, what is the one-day g fund shareholders, and how much cash and stock does the fund