A. Discuss two advantages and two drawbacks of mutual funds in Ghana 7 marks
B. The WIUC closed-end fund has GHS350 million in securities, GHS80 million in liabilities and 20 million in shares outstanding. It trades at a 10% discount from net asset
value (NAV)
Required:
i. Calculate the net asset value of the fund 1 mark
ii. Calculate the current price of the fund 1 mark
C. Assume you purchased a low load fund at GHS10.30 with a net asset value of GHS10.00,

Required:
i. Calculate the percentage load of the fund 2 marks
ii. Calculate the new NAV if the fund’s net asset value went up 33.72%. 2 marks
iii. Calculate the cedi profit or loss per share based on your purchase price 2 marks