ANSWER ALL 3

1. Assume you are looking at investing in an open-ended mutual fund that has a total value of $920 million and shares outstanding of 21,500,000. How many shares will you get if you invest $200,000?
2. The Lubar Growth Fund has an NAV per share of $50 and charges a 2% upfront sales load. If you have $100,000 to invest, how many shares of the Lubar Growth Fund can you purchase?
3. John just bought a $400,000 house that is in a wildfire zone. If a wildfire totals the house once every 25 years, what should the homeowner be willing to pay for an annual insurance premium? Assume the insurance company has no other costs.