A fund has an 8% front-end load on purchases and a 1% expense ratio. Gross return of this fund will you is 9% per year before expenses. If you invest $10,000 in this fund, how much money have in this fund after 5 years? (5 points) Assume that you have just purchased some shares in a fund reporting $45 million in assets and 5 million shares outstanding. It also owes $4 million rent to the owner of the office building and $1 million to other financial advisors. What is the net asset value (NAV) of these shares? (5 points) ETS produces dividends of 0.20 and 0.40 in the first two years, respectively. The dividend in year three is estimated to be .80 and should grow in perpetuity at 4% growth rate. Given a discount rate of 10%, what is the price of the stock? (10 points) The market capitalization rate on the stock of FINA Corporation is 10%. Its expected ROE is 15%, and its expected EPS is $5. If the firm reinvests 40% of its earnings. (a) What is the present value of growth opportunities (PVGO)? (5 points) (b) What is the P/E ratio? (5 points)