(b) Diversified Portfolios had year-end assets of $279,000,000 and liabilities of 0 S43,000,000. If Diversified's NAV was $42.13, how many shares must have been held in the fund? 39. (a) An environmentally-friendly balanced mutual fund began the year with a net asset value (NAV) of $12.25 per share. During the year it received $1.00 dividend and interest income, S0.75 in capital gains. Sixty percent of (divided) income and all of the capital gain were distributed to shareholders. Calculate the year-end NAV. (b) An aggressive equity mutual fund began the year with a net asset value (NAV) of $6.50 per share. During the year it received $0.15 dividend income, $1.25 in realized capital losses, and $0.50 in unrealized capital gains. Ninety percent of the (dividend) income was distributed to shareholders. (i) Calculate the year-end NAV. (ii) Find the fund's rate of return if the dividend tax rate 30%, and capital gains rate =0%. (b) Diversified Portfolios had year-end assets of $279,000,000 and liabilities of 0 S43,000,000. If Diversified's NAV was $42.13, how many shares must have been held in the fund? 39. (a) An environmentally-friendly balanced mutual fund began the year with a net asset value (NAV) of $12.25 per share. During the year it received $1.00 dividend and interest income, S0.75 in capital gains. Sixty percent of (divided) income and all of the capital gain were distributed to shareholders. Calculate the year-end NAV. (b) An aggressive equity mutual fund began the year with a net asset value (NAV) of $6.50 per share. During the year it received $0.15 dividend income, $1.25 in realized capital losses, and $0.50 in unrealized capital gains. Ninety percent of the (dividend) income was distributed to shareholders. (i) Calculate the year-end NAV. (ii) Find the fund's rate of return if the dividend tax rate 30%, and capital gains rate =0%