9) The Husky Funds portfolio consists of the following stocks at the beginning of the year:

Stock Shares Price IBM 500 $ 180.00 MSFT 4,000 $ 30.00

There are 5000 shares outstanding. The fund charges 6% front-end load. The first year, the funds assets value increases by 10% and the fund pays out $10,000 as distributions to its investors. The fund charges management fees of .5% and 12b-1 fees of .5%. a) What is the funds NAV at the beginning and at the end of the first year?