A$)$ Open$-$ end fund A has $100$ shares of ABC Valued at $ $100$ each and $50$ bonds of XYZ valued at $ $50$ each. Closed$-$ end Fund B has $7$ shares of ABC and $100$ bonds of XYZ$.$ Both funds have $100$ shares outstanding.

i$)$ Determine the NAV of each fund.

ii$)$ If the price of ABC share rises to $ $102$ and price of XYZ bond falls to $ $47,$ how does this affect the NAV of both funds.

B$-$ Discuss the differences between open$-$ end mutual funds and closed$-$ end mutual funds.