Open$-$end Fund A has $191$ shares of ATT valued at $$48$ each and $43$

shares of Toro valued at $$88$ each. Closed$-$end Fund B has $88$ shares

of ATT and $85$ 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

$$49\mathrm{.}25$ and the price of Toro stock declines to $$85\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 $168$ shares of ATT

valued at $$48$ are added to Fund A$.$ The funds needed to buy the new

shares are obtained by selling $623$ more shares in Fund A$.$ What is

the effect on Fund A$$s NAV if the prices remain unchanged from the

original prices?$$