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Problem $17-2($LG $17-5)$

Open$-$end Fund A has $167$ shares of ATT valued at $$36$ each and $31$ shares of Toro valued at $$76$ each. Closed$-$end Fund B has $76$ shares of ATT and $73$ shares of Toro. Both funds have $1,000$ shares outstanding.

a$.$ What is the NAV of each fund using these prices? $($Round your answers to $3$ decimal places. $($e$.$g$.,32\mathrm{.}161))$

b$.$ If the price of ATT stock increases to $$37\mathrm{.}25$ and the price of Toro stock declines to $$73\mathrm{.}292,$ how does that impact the NAV of both funds? $($Negative amounts should be indicated by a minus sign. Do not round intermediate calculations. Round your answers to $2$ decimal places. $($e$.$g$.,32\mathrm{.}16))$

c$.$ Assume that another $156$ shares of ATT valued at $$36$ are added to Fund A$.$ The funds needed to buy the new shares are obtained by selling $671$ more shares in Fund A$.$ What is the effect on Fund A$$s NAV if the prices remain unchanged from the original prices?