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Suppose today a mutual fund contains 2,000 shares of JPMorganChase, currently trading at $65.75, 1,000 shares of Walmart,currently trading at $64.10, and 2,500 shares of Pfizer, currentlytrading at $32.50. The mutual fund has no liabilities and 10,000shares outstanding held by investors.a. What is the NAV of the fund?b. Calculate the change in the NAV of the fund if tomorrowJPMorgan’s shares increase to $67, Walmart’s shares increase to$69, and Pfizer’s shares decrease to $31c. Suppose that today 1,000 additional investors buy one shareeach of the mutual fund at the NAV of $27.685. This means that thefund manager has $27,685 in additional funds to invest. The fundmanager decides to use these additional funds to buy additionalshares in JPMorgan Chase. Calculate tomorrow’s NAV given the samerise in share values as assumed in (b).