Open-end Fund A has 177 shares of ATT valued at $41 each and 36 shares of...

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Open-end Fund A has 177 shares of ATT valued at $41 each and 36shares of Toro valued at $81 each. Closed-end Fund B has 81 sharesof ATT and 78 shares of Toro. Both funds have 1,000 sharesoutstanding.
a. What is the NAV of each fund using these prices? (Round youranswers to 3 decimal places. (e.g., 32.161))
b. If the price of ATT stock increases to $42.25 and the priceof Toro stock declines to $78.292, how does that impact the NAV ofboth funds? (Negative amounts should be indicated by a minus sign.Do not round intermediate calculations. Round your answers to 2decimal places. (e.g., 32.16))
c. Assume that another 161 shares of ATT valued at $41 are addedto Fund A. The funds needed to buy the new shares are obtained byselling 649 more shares in Fund A. What is the effect on Fund A’sNAV if the prices remain unchanged from the original prices?

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Open-end Fund A has 177 shares of ATT valued at $41 each and 36shares of Toro valued at $81 each. Closed-end Fund B has 81 sharesof ATT and 78 shares of Toro. Both funds have 1,000 sharesoutstanding.a. What is the NAV of each fund using these prices? (Round youranswers to 3 decimal places. (e.g., 32.161))b. If the price of ATT stock increases to $42.25 and the priceof Toro stock declines to $78.292, how does that impact the NAV ofboth funds? (Negative amounts should be indicated by a minus sign.Do not round intermediate calculations. Round your answers to 2decimal places. (e.g., 32.16))c. Assume that another 161 shares of ATT valued at $41 are addedto Fund A. The funds needed to buy the new shares are obtained byselling 649 more shares in Fund A. What is the effect on Fund A’sNAV if the prices remain unchanged from the original prices?