The C03 powerpoint slide 15, compute NAV at end of Quarter 5. Round to 3 decimal places. Start 3rd 1st Quarter 2nd Quarter Quarter 4th Quarter Quarter X5 L 10 X2 X6 .05 TNA under management at start of quarter ($ mil) Holding-period return TNA before net inflows Net inflow ($ million) TNA under management at end of quarter ($ mil) # Share at end of quarter (in million) Net Asset Value at end of quarter ($ dollars) 0.5 L 45 0.1 1.2 .109 11.00 -0.8 X7 .073 X8 20 0.960 0.6 1.560 118 13.20 0.1506 .145 X4 10 X0=1*(1+1)=1.1=1.2-1 XI=1.2 1.5=X1*(1+X2) X3=1.5+.5=2 X4=X37.145=13.75 X5=X3=2 X6= X7= X8