Open-end Fund A has 201 shares of ATT valued at $53 each and 48 shores of Toro valued at $93 each. Closed-end Fund B has 93 shates of ATT and 90 shares of Toro. Both funds have 1,000 shares outstanding. a. What is the NAV of each fund using these prices? (Round your answers to 3 decimal places. (e.9., 32.161)) b. If the price of ATT stock increases to $54.25 and the price of Toro stock declines to $90.292, how does that impact the NAV of both funds? (Negative amounts should be indicated by a minus sign. Do not round intermediate caiculations. Round your answers to 2 decimal places (e.9. 32.16)) c. Assume that another 173 shares of ATT valued at $53 are added to Fund A. The funds needed to buy the new shares are obtained by selling 607 more shares in Fund A. What is the effect on Fund A's NAV if the prices remain unchanged from the original prices? Suppose an individual invests $25,000 in a load mutual fund for two years. The load fee entals an up-front commission charge of 4 percent of the amount invested and is deducted from the original funds invested. In addition, annual fund operating expenses (or 12b1 fees) are 0.90 percent. The annual fees are charged on the average net asset value invested in the fund and are recorded at the end of each year. Investments in the fund return 5 percent each year paid on the last day of the year. If the investor reinvests the annual returns paid on the investment, calculate the annual return on the mutual fund over the two-year investment period. (Do not round intermediate calculations. Round your answer to 3 decimal places. (e.9.,32.161))