Please kindly asnwer the 2 following questions:

16)

Which is the following statement is true regarding open-end investment?

	A.	Companies invest in securities and assets of other firms that have a fixed supply of shares outstanding.
	B.	The supply of shares in the fund is not fixed but can increase and decrease daily with purchases and redemptions of shares.
	C.	Money is not redeemable from the fund, instead, shares can be purchased or sold in the stock market.

17)

Suppose today a mutual fund has stocks of three companies: 200 shares of IBM currently valued at $50.00, 100 shares of GE currently values at $20 and 100 shares of Digital currently valued at $30. The mutual fund has 500 shares outstanding. Calculate the updated NAV of the fund if tomorrow IBM 's shares increase to $75, GE's shares increase to $30, and Digital's shares increase to $45.

	A.	$35.00
	B.	$40
	C.	$45
	D.	$50