Question 16 75 pts 6 friends join to create a private open-end fund. Each individual is to commit $6,000 to the fund. The group decides to create 60,000 shares. They invest the money in the US stock market. After 2 years, the assets in the fund grew by 17.04%. What is the new NAV? Question 17 75 pts A no-load mutual fund has $58 million in assets, $4 million in debt, and 263 million shares outstanding at the beginning of the year. During the year, investors received a distribution of $0.07 per share. At the end of the year, the fund is left with $50 million in assets, the same amount of debt, and the same number of shares outstanding. What is the rate of return of the fund? (Give your answer as a percentage with 2 decimals, e.g., if the answer is 0.0345224 (or 3.45224%), enter 3.45 as your answer.]