a/

ABC fund charges a 1% front-end load and has 5 million shares outstanding. The fund has a NAV of $25/share and $200 million in assets. Find the value of ABC's liabilities. Round intermediate steps to four decimals.

		84,000,000
		76,250,000
		325,000,000
		75,000,000
		322,500,000

b/

Which one of the following statements regarding futures contracts is false?

		Futures contracts mark to market on a daily basis.
		Futures contracts can be traded on either a cash or margin basis.
		Margin calls on a short futures position may occur if the underlying asset increases in value.
		Futures contracts are highly standardized