Hey Experts, I need someone to help me out! This is very important and I attempted to do it myself and realize I'd have a better shot not handing it in. Your help is greatly appreciated!

1.	An open-end mutual fund has an offering price of $15.25 and a front-end load of 6%. What is the Net Asset Value (NAV)?
2.	You research a closed-end fund and find out the following about it's performance over the past year.
	(i) at the start of the year the NAV was $11 and it was selling at a 4% premium to NAV.
	(ii) at the end of the year the NAV was $15 and it was selling at a 10% discount to NAV.
	(iii) during the year the fund paid distributions of income and capital gains of $2.
a.	If you bought the fund at the beginning of the year and sold at the end, what was your profit? Your rate of return?
b.	If you could have held the same underlying portfolio directly, without going through the closed-end fund, what would your profit have been? Your rate of return?
3.	A mutual fund company offers a popular equity mutual fund that can be purchased in one of three ways:
	(i) Pay a front-end load of 2%
	(ii) Pay a 12b-1 fee of 1% per annum.
	(iii) Pay an back end load (exit fee) of 6% if you sell withing the first year, decreasing by 1% per year for each successive year.
	The expense ratio is 0.50% in all three cases, and the fund earns an average of 6% per year.
	For each holding period below, calculate the return to an investor under each of the three payment schemes, and indicate which purchase method would be best given that holding period.
a.	One year
b.	Three years
c.	Ten years.