Open$-$end Fund A has $171$ shares of ATT valued at $$38$ each and $33$ shares of Toro valued at $$78$ each. Closed$-$end Fund B has $78$

shares of ATT and $75$ 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 $$39\mathrm{.}25$ and the price of Toro stock declines to $$75\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 $158$ shares of ATT valued at $$38$ are added to Fund A$.$ The funds needed to buy the new shares are obtained

by selling $662$ more shares in Fund A$.$ What is the effect on Fund A$\text{'}$s NAV if the prices remain unchanged from the original prices?