Investment Management

1. Venator Fund has a 5% front load. The fund had 13.1% return over the last 5 years. What is the actual annual return for investor invested in the fund for 5 years?

2. The Sunshine Fund has total assets value at $23,678,987 today. It has outstanding liabilities of $689,549. There are 1,356,987 shares outstanding. How many shares will you get if you buy $3,000 worth of the fund at todays closing NAV?