Question 3 (7 marks) a) Identify ONE similarity and TWO differences between bond and preferred stock. (3 marks) b) Today, you purchase 1,500 shares of the Green Fund at NAV of $38 per share. You pay a front-end load of 3%. The fund's gross return is expected to be 12% per annum (p.a.). The expenses ratio is 1.6% p.a. and 126-1 fee is 0.5% p.a.. Calculate sales proceeds received from the fund if you sell your shares after two years. (4 marks) P. 3