Please show all work and equations as needed.

3. Which of the following would increase the net asset value of a mutual fund share, assuming all other things remain unchanged? A. An increase in the number of fund shares outstanding B. An increase in the fund's accounts payable C. A change in the fund's management D. An increase in the value of one of the fund's stocks 4. The fee that mutual funds use to help puy for advertising and promotional literature is called a A. front-end load fee. B. back-end load fee. C. operating expense fee D. 12b-1 fee. E. structured fee