1) The Blue Star Fund assets with a market value of $10.6 million and liabilities of $607,000. What is the net asset value if there are 185,000 shares outstanding?

2) A mutual fund has an NAV of $9.55 with 274,000 shares outstanding. What is the value of the fund’s assets if it has $350,400 in liabilities?

3) At the beginning of the year, you invested $4000 in a no-load mutual fund with a NAV of $20.00. At the end of the year, the fund distributed of $1.06 in short term earnings and $3.10 in long term earning. The end of year NAV was $19.42. What was your annual rate of return on this investment?

4) The European Growth Fund has $820 million of assets and $76000 in liabilities. There are 30.5 million shares outstanding. The fund charges a 4.4 percent front-end load. What is the offering price?

5) Eastern States Mutual Fund sold $82.5 million of assets during the year and purchased $93 million of new assets. The average daily assets of the fund were $330 million. What is the funds turnover rate for the year?

6) Matt owns 724.08 shares of a fund which has a current NAV of $41.04. He has owned all of these shares for 3.3 years. The fund charges a contingent deferred sales charge which starts at 5 percent for the first year and declines by 1 percent each year. How much cash will he receive if he redeems all of his shares today?