(a) The fund charges a front-end load of 5%, back-end load of 2%, and the expense ratio is 1% which is charged based on beginning-of-year post-load investment. Suppose the fund generates 12% return before fees on their investments for the year. If an investor invests $10,000 in the fund at the beginning of the year and redeem all the shares at the end of the year, what's the investor's net profit at the end of the year? (b) The fund also has a closed-end fund. If you buy it today at a discount 20% of NAV ($20 per share) at which price the investor will pay for one share? Suppose the fund generates 25% return after fees on their portfolio for the year. And then you sell all the shares at the end of the year, at a premium 10% of NAV, at which price the investor will get for one share? (c) What is your holding period return on this closed-end fund investment? Given that the closed end fund only pays totally 60 million USD dividend, and doesn't make other distribution. (a) The fund charges a front-end load of 5%, back-end load of 2%, and the expense ratio is 1% which is charged based on beginning-of-year post-load investment. Suppose the fund generates 12% return before fees on their investments for the year. If an investor invests $10,000 in the fund at the beginning of the year and redeem all the shares at the end of the year, what's the investor's net profit at the end of the year? (b) The fund also has a closed-end fund. If you buy it today at a discount 20% of NAV ($20 per share) at which price the investor will pay for one share? Suppose the fund generates 25% return after fees on their portfolio for the year. And then you sell all the shares at the end of the year, at a premium 10% of NAV, at which price the investor will get for one share? (c) What is your holding period return on this closed-end fund investment? Given that the closed end fund only pays totally 60 million USD dividend, and doesn't make other distribution