2) (5 pts) Given the following data about ABC mutual fund on April 1 Assets: Cash $20,000 0,000 shares of Stock A: Closing Price $20 Liabilities: Accrued fees and expenses = $10,000 Total Value of Assets $620,000 Shares outstanding: 50,000 NAV = $12.20 A) If this is a front-end loaded fund with an offer price of $12.70, what is the front end load? Front end load- 9% If you invested $100,000 in this fund on April 1, (you had to pay the offer price of $12.70) and the fund had short term distributions of $0.50 per share and long-term distributions of $0.60 per share over the next year, what is your return for the year if the NAV at the end of the year is $13.40 B) % Return for the year