(a) A closed-end fund has 1000 shares outstanding and consists of three securities1,000 shares of security A, which is currently trading for GHS3.50; 2,000 shares of security B, which is trading for GHS4.50; and 3,000 shares of security C, which is trading for GHS5.50. The net liabilities of the fund stands at GHS8,700. Compute the net asset value of the fund.

(b) Distinguish between the following

Open-end mutual fund and close-end mutual fund

Technical and fundamental analyses

Forward and future contracts

Financial and physical assets

Term to maturity and yield curve