An open-ended fund has stocks of three companies: 400 shares of IBM currently valued at $50.00, 200 shares of GE currently values at $20 and 200 shares of Digital currently valued at $30. The fund has 500 shares outstanding. What is the net asset value (NAV) of the fund? b) Suppose a company offers two types of funds a) a load fund b) no-load fund. Both funds have same NAV (as of part a) and a life of 1 year. He invests $500,000 in each fund that has a 5 percent front-end load and 0.75 percent of 12b-1 fee. What is the total dollar amount that an investor has to pay if he wishes to buy; a) A load fund b) No-load fund