Please State True or False for the following statements: 1. Open-end fund shares often trade at a discount or premium relative to NAV. II. The market value of a fund's net assets divided by the number of mutual fund shares outstanding is called the NAV of the fund. III. Hedge funds can short sell securities, whereas most mutual funds cannot. O A. l. False II. True III. True O B. I. False II. True III. False O C. I. False II. False III. True O D.I. True II. True III. True You wish to invest $25,000 in a mutual fund with a NAV of $17.80. The fund charges a front-end load of 6.50 percent. How many fund shares will you receive? O A. 939 shares O B. 1,223 shares O C. 1,313 shares O D.793 shares