Problem $4-1$ NAV Calculation

Consider a mutual fund that is comprised of the following:

$($In millions$)$

Stocks $$340$

Bonds $$444$

Cash $$50$

Liabilities $-$$$1\mathrm{.}5$

Shares outstanding $25\mathrm{.}8$

A$)$ What is the fund's NAV?

The fund's NAV is $

million $.$ Round your answer to $2$ decimal places.

B$)$ Suppose that the next day, the stock portion of the portfolio increases to $$347$ and the bond portion declines to $$443.$ The cash, liabilities, and shares outstanding remain unchanged. What is the new NAV?

The new NAV is $

million $.$ Round your answer to $2$ decimal places.

C$)$ What is the return for investors that day?

The return for investors would be

$\%.$ Round your answer to $2$ decimal places.