Open end Fund A has 10,000 shares of Himal Company valued at Rs 200 each and 5,000 shares of Tarai Company valued at Rs 150 each. Closed end fund B has 8,000 shares of Himal Company and 4,000 shares…

Open end Fund A has 10,000 shares of Himal Company valued at Rs 200 each and 5,000 shares of Tarai Company valued at Rs 150 each. Closed end fund B has 8,000 shares of Himal Company and 4,000 shares of Tarai Company. Each fund has 100,000 shares of stock outstanding. a. What are the NAVs of both funds using these prices? b. Assume that in one month the price of Himal stock has increased to Rs 220 and price of Tarai stock has decreased to Rs 140. How do these changes impact the NAV a both funds? If the funds were purchased at the NAV prices in (a) and sold at month end. Compute holding period return. Ignore load fee and brokerage charge.