A mutual fund holds the following assets at the beginning of the
year:
9,400 shares of FB, price $180
1250 shares of AMZN, price $1100
1100 shares of GOOG, price $950
The mutual fund has 102,000 number of shares issued at this
point. The mutual fund has 1.2% operating expenses, 0.5% 12b-1 fees
and a 4% front-end load. Expenses and fees are deducted from assets
at the end of the year. At the end of the year, the assets held...