Problem 1 You are evaluating a closed-end mutual fund and see that its price is different from its net asset value (NAV). The fund has an expense ratio of 2.8% and a dividend yield of 4.5%. The fund has experienced a risk-adjusted abnormal return of 2.5%. By what amount (premium or discount) is the fund likely to trade relative to its NAV? (Round your answer to 2 decimal places. Use a negative sign to indicate a discount.) Problem 2 The Arizona Stock Exchange lists a bid price of 96 and an ask price of 1.05 for Kickingbird Energy Corporation. a. At what price can you buy the stock? (Round your answer to 2 decimal places.) b. What is the dealer's bid-ask spread? (Round your answer to 2 decimal places.) Problem3 You purchased a bond 72 days ago for $885.26. You received an interest payment of \$30 66 days ago. Today the bond's price is $894.95. What is the holding period return (HPR) on the bond as of today? (Round your answer to 2 decimal places.) Problem 4 The risk free rate is currently 5% and the market return is 10%. Consider each of the investments with betas given below: Required: answer please the following: A) Which vehicle is most risky? Which is least risky? B) Determine the required rate of return on each investment. C) What conclusions can be drawn from the answers above regarding risk and required return