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The KML mutual fund has a net asset value of $12.34 and an offer price of $13.34. Use this information to answer the following question.

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The KML mutual fund has a net asset value of $12.34 and an offer price of $13.34. Use this information to answer the following question. () How many shares will you receive when you invest $1,000? What is the immediate asset value of these shares? What is the load charge for this transaction? Crcyiston Mutual Fund, a load fund, holds securities valued at $90,000,000 on August The fund had liabilities of $2,000,000 and 4, 800,000 shares outstanding. Calculate the net asset value per share on this day. () Marshall has calculated that he will need $1, 250,000 in his retirement fund in 40 years when he plans to retire. If Marshall can earn 8% annually over this period, how much does Marshall need to save annually to meet that goal? () Julie's employer has a defined benefits retirement plan which pays 3.2 percent of her last year's salary for each year of employment. Julie estimates her final salary will be $85,000 and she will have worked for 20 years. What is her expected retirement benefit? () Eric works for a company with a defined contribution benefit pension plan. He will[retire in ten years and expect his salary to be $100,000 in his last year of work

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