5. • Net Asset Value is the market value of the assets
of the scheme minus its liabilities. The per unit
NAV is the net asset value of the scheme divided
by the number of units outstanding on the
Valuation Date.
7. HOW IS NAV
DETERMINED?
Short-term mispricing of the underlying securities
can result in over- or undervaluation of mutual fund
shares, but this is not due to bidding on the funds'
shares; it is due to bidding on the securities owned
by the fund.
If the value of the underlying securities are in
aggregate over- or undervalued, the NAV will be
over- or undervalued in direct proportion to the
mispricing of the underlying securities.
8. For example, technology stocks were overpriced during the
Dot-Com boom and that overpricing was reflected in the
NAVs of technology funds.
Rebalancing on a regular basis takes advantage of such
mispricing by systematically selling overvalued shares (selling
high) and buying undervalued shares (buying low).
9. Representation of used in reference to Index used to
the per share value systems of open evaluate Real
of an investment funds. Estate Investment
fund. Trusts (REITs).
Help their
investment decisions comparing long-term
Give investors a way to changes in its share price
compare a fund's because funds
performance periodically distribute
with market or industry capital gains to their
benchmarks fundholders, thus
reducing their NAV.
10. Mutual fund shares are purchased and redeemed at their net asset
value (NAV)
• mutual fund transactions are executed in dollar amounts rather
than number of shares, thus there is no penalty for trading in
uneven lots.
The price of mutual fund shares is not determined by bidding on the fund
shares.
• The number of shares outstanding is always equal to the quantity demanded, as
new shares are created to cover any excess of cash inflows and dissolved in
proportion to excess cash outflows.
• the per-share price of a mutual fund (its NAV) is not subject to the forces of
supply and demand
11. Responding to fluctuations in NAVs as if they were driven by
supply and demand is irrational and will lead to dysfunctional
investor behavior.
• NAV is determined solely by the value of the underlying
securities.
Short-term mispricing of the underlying securities can result in over- or
undervaluation of mutual fund shares, but this is not due to bidding on the
funds' shares; it is due to bidding on the securities owned by the fund.
• If the value of the underlying securities are in aggregate over- or
undervalued, the NAV will be over- or undervalued in direct
proportion to the mispricing of the underlying securities.
12. The price of a stock is determined by company information - the performance of
the company, public confidence in its services and other economic factors. The
mutual fund NAV is a calculation of the fund assets divided by the number of total
shares.
Mutual fund NAV is calculated at the end of the day after the daily closure of stock
markets. Therefore NAV changes only on a daily basis. Stock prices, however,
change any time during the day during stock market trading hours.
. It can be seen that Mutual Fund NAVs are directly proportional to the value of its
assets. If all other factors remain constant, and the share prices, in which the
mutual fund has invested, depreciate, then the NAV of the mutual fund will also
reduce.
13. Rise or drop Change in
number of
in value of
shares in the
stock mutual fund.
investments
.
Payout of dividends
and capital gains by
the mutual fund to
its investors
14. A mutual fund pays out dividend to its investors who have opted for the
dividend plan. In such cases, the NAV of the mutual fund falls according to
the amount of dividend paid.
For example, if the NAV of a mutual fund on 10 July 2010 was $10 and a per
unit dividend of $2 is declared and paid out, then on 11 July 2010, the NAV
of the mutual fund would fall to $8. The cash obtained by the investor can
be reinvested to buy more shares of the mutual fund at lower value.
Some investors who seek pure capital appreciation may opt for an
aggressive growth fund, without dividend payments. The returns then
would be solely based on the mutual fund NAV appreciation.
15. According to SEBI (mutual funds, second amendment) regulation, 2000 , a
mutual fund can invest up to 5% of its NAV in the unlisted equity shares or
equity related instruments in case of open ended schemes; while incase of
close ended schemes, mutual funds can now invest up to 10% of its NAV.
Mutual funds are required to declare their NAV and sale repurchase
prices of all schemes updated daily on a regular basis on the AMFI
website by 8:00 pm and declare NAVs of their close ended schemes
every Wednesday.
16. Stock Market Investing Investing in Mutual Funds
1. In case of the stock market 1.In case of mutual funds investment
investing, the stock price of a company units are bought at its NAV.
is usually different from its intrinsic
worth, or what is called the book value
of the share.
2.The calculation of NAV is based on the
2. The stock price could be higher current market price of all the assets
(premium) or lower (discount) as that the mutual fund owns. In other
compared to the book value of the words, the NAV represents the fund’s
company. A relatively lower share price intrinsic worth.
would, other things being positive, make
it an attractive purchase (as the share
seems undervalued). 3.Increase or decrease in the NAV of a
3. The reason for such a ‘mis-pricing’ mutual fund is a function of how well the
could be that the investors evaluate the fund manager makes his investments
company’s future profitability and bets in the market as well as how long
suitably pay a higher or lower price as the fund has been in the industry.
compared to its book value.
17. NAV: Does it matter?
NAV and Performance as on March 25, 2011.
(Source: ACE MF, PERSONALFN Research)
NAV ( ) 3-Yr (%)
HDFC Equity (G) 275.36 18.4
HDFC Top 200 (G) 209.07 16.1
ICICI Pru Dynamic (G) 107.01 14.3
Sundaram Select Midcap (G) 142.25 13.7
UTI Mid Cap (G) 30.15 12.7
Religare Mid Cap (G) 13.42 7.6
Morgan Stanley Growth (G) 58.94 6.0
JM Mid Cap (G) 22.69 5.7
18. We can explain through example:
Infosys company stock value :-
The value of Infosys stock was Rs 10 when the company was initiated. In the early
1990s, being a small company, the initial revenue and profit was small. Infosys was able
to grow its revenue and profit by 100% per year over a small initial base. Accordingly
Infosys stock price also grew 100% on the stock market. As Infosys grew bigger and
bigger as a company, its revenue and profit growth rate have been reducing.
Accordingly the Infosys stock price has been growing at a lesser rate. This means that as
the stock price of Infosys became higher and higher the growth or return potential
from Infosys stock have been reducing. Extending the stock analogy that higher price
of stock reduces the growth potential to mutual fund NAV is not correct
19. Mutual fund NAV value –
Mutual fund is not invested into a single stock nor does mutual
fund remains invested in the same stock for ever. For example when
Infosys was growing faster then a mutual fund was invested in
Infosys. When Infosys growth rate reduced, the mutual fund sold
Infosys stock and invested into another stock which is growing
faster than Infosys. This way mutual fund always keep selling
slower growing stocks and buying faster growing stocks. So mutual
fund, unlike a specific stock, do keep buying stocks and selling
stocks. And also mutual fund is not invested into a specific stock
for ever. Mutual fund is actually invested into multiple or portfolio
of stocks, and mutual fund keep changing the portfolio of stocks.
This way the growth rate of mutual fund is not restricted by high
NAV value as compared to high value of a specific stock
20. Project help us to know about the importance
of NAV.
Project highlight how NAV can be
determined.
one can maintain there portfolio easily and
efficiently by following project procedure.
Help to overcome all shortfalls which may
impact our decision.
21. NAV of Mutual Fund
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Editor's Notes
Animated open book effect(Difficult)Tip: You will need to use drawing guides and the ruler to position the objects on this slide. To display the drawing guides and the ruler, do the following:On the Home tab, in the Slides group, click Layout, and then click Blank.Right-click the slide background area, and then click Grid and Guides.In the Grid and Guides dialog box, under Guidesettings, select Display drawing guides on screen. (Note: One horizontal and one vertical guide will display on the slide at 0.00, the default position. The spine of the book will be aligned to the vertical drawing guide.) On the View tab, in the Show/Hide group, select Ruler. To reproduce the first shape in the Book cover group on this slide, do the following:On the Home tab, in the Drawing group, click Shapes, and then under Rectangles click Rounded Rectangle (second option from the left). On the slide, drag to draw a rounded rectangle.Select the rounded rectangle. Under Drawing Tools, on the Format tab, in the Size group, do the following:In the Shape Height box, enter 4.5”.In the Shape Width box, enter 3.33”.On the rounded rectangle, drag the yellow diamond adjustment handle to the left to decrease the amount of rounding on the corners.On the Home tab, in the bottom right corner of the Drawing group, click the Format Shape dialog box launcher. In the FormatShape dialog box, click Fill in the left pane, select Gradientfill in the Fill pane, and then do the following: In the Type list, select Linear.Click the button next to Direction, and then click Linear Right (first row, fourth option from the left).In the Angle box, enter 0°. Under Gradient stops, click Add gradient stops or Remove gradient stops until two stops appear in the slider. Also under Gradient stops, customize the gradient stops that you added as follows:Select the first stop in the slider, and then do the following:In the Position box, enter 0%.Click the button next to Color, and then under Theme Colors,click Red, Accent 2, Darker 50% (sixth row, sixth option from the left). Select the second stop in the slider, and then do the following: In the Position box, enter 100%.Click the button next to Color, and then under Theme Colors,click Red, Accent 2, Darker 25% (fifth row, sixth option from the left).Also in the FormatShape dialog box, click LineColor in the left pane. In the LineColor pane, select Noline.Also in the FormatShape dialog box, click 3-DFormat in the left pane, and then in the 3-DFormat pane, do the following:Under Bevel, click the button next to Top, and then under Bevel click Circle (first row, first option from the left). Next to Top, in the Width box, enter 4 pt, and in the Height box, enter 4 pt.Under Surface, click the button next to Material, and then under Standard click WarmMatte (second option from the left).Also under Surface, click the button next to Lighting, and then under Neutral, click ThreePoint (first row, first option from the left).On the slide, drag the rounded rectangle until the left edge is against the vertical drawing guide.On the Home tab, in the Drawing group, click Arrange, point to Align, and then do the following:Click Align to Slide.Click Align Middle.To reproduce the second shape in the Book cover group on this slide, do the following:On the Home tab, in the Clipboard group, click the arrow under Paste, and then click Duplicate.On the slide, drag the duplicate rectangle until the left edge is against the vertical drawing guide.On the Home tab, in the Drawing group, click Arrange, point to Align, and then do the following:Click Align to Slide. Click Align Middle.Under Drawing Tools, on the Format tab, in the Size group, in the Shape Width box, enter 0.73”.On the Home tab, in the bottom right corner of the Drawing group, click the Format Shape dialog box launcher. In the FormatShape dialog box, click Fill in the left pane, select Gradientfill in the Fill pane, and then do the following: In the Type list, select Linear.Click the button next to Direction, and then click Linear Left (first row, fifth option from the left).In the Angle box, enter 180°.Under Gradient stops, click Add gradient stops or Remove gradient stops until two stops appear in the slider. Also under Gradient stops, customize the gradient stops that you added as follows:Select the first stop in the slider, and then do the following:In the Position box, enter 0%.Click the button next to Color, and then under Theme Colors,click Black, Text 1 (first row, second option from the left).In the Transparency box, enter 50%.Select the second stop in the slider, and then do the following: In the Position box, enter 100%.Click the button next to Color, and then under Theme Colors,click Black, Text 1 (first row, second option from the left).In the Transparency box, enter 100%.Also in the FormatShape dialog box, click 3-DFormat in the left pane. In the 3-D Format pane, under Bevel, click the button next to Top, and then under NoBevel, click None.To reproduce the third shape (first small rectangle on the book spine) in the Book cover group on this slide, do the following:Select the first, larger rectangle on the slide. On the Home tab, in the Clipboard group, click the arrow to the right of Copy, and then click Duplicate.Select the third, duplicate rectangle. Under Drawing tools, on the Format tab, in the Size group, do the following:In the Shape Height box, enter 0.08”. In the Shape Width box, enter 0.73”.On the Home tab, in the bottom right corner of the Drawing group, click the Format Shape dialog box launcher. In the FormatShape dialog box, click Fill in the left pane, select Gradientfill in the Fill pane, and then do the following: In the Type list, select Linear.Click the button next to Direction, and then click Linear Diagonal (first row, third option from the left).In the Angle box, enter 135°.Also in the FormatShape dialog box, click 3-DFormat in the left pane, and then in the 3-D Format pane, do the following:Under Bevel, next to Top, in the Width box, enter 3 pt, and in the Height box, enter 3 pt.Under Surface, click the button next to Lighting, and then under Neutral click Soft (first row, third option from the left).To reproduce the rest of the shapes (other small rectangles on the book spine) in the Book cover group on this slide, do the following:Select the third, smaller rectangle.On the Home tab, in the Clipboard group, click the arrow to the right of Copy, and then click Duplicate. Repeat this process for a total of four thin, rounded rectangles. To position the four thin, rounded rectangles on the book spine, do the following:Drag the first rectangle 1.75” above the horizontal drawing guide, with the left edge touching the vertical drawing guide.Drag the second rectangle 0.75” above the horizontal drawing guide, with the left edge touching the vertical drawing guide.Drag the third rectangle 0.75” below the horizontal drawing guide, with the left edge touching the vertical drawing guide.Drag the fourth rectangle 1.75” below the horizontal drawing guide, with the left edge touching the vertical drawing guide.On the Home tab, in the Editing group, click Select, and then click SelectAll.On the Home tab, in the Drawing group, click Arrange, and then click Group.On the Home tab, in the Editing group, click Select, and then click Selection Pane.On the Selection and Visibility pane, double-click the group to edit the name, and then enter Book cover. To reproduce the first shape in the Inside-left pages group on this slide, do the following:On the Home tab, in the Drawing group, click Shapes, and then under Rectangles click Rounded Rectangle (second option from the left). On the slide, drag to draw a rounded rectangle.Under Drawing Tools, on the Format tab, in the Size group, do the following:In the Shape Height box, enter 4.5”. In the Shape Width box, enter 3.33”.On the rounded rectangle, drag the yellow diamond adjustment handle to the left to decrease the amount of rounding on the corners. On the Home tab, in the bottom right corner of the Drawing group, click the Format Shape dialog box launcher. In the FormatShape dialog box, click Fill in the left pane, select Gradientfill in the Fill pane, and then do the following: In the Type list, select Linear.Click the button next to Direction, and then click Linear Left (first row, fifth option from the left).In the Angle box, enter 180°. Under Gradient stops, click Add gradient stops or Remove gradient stops until two stops appear in the slider. Also under Gradient stops, customize the gradient stops that you added as follows:Select the first stop in the slider, and then do the following:In the Position box, enter 0%.Click the button next to Color, and then under Theme Colors,click Red, Accent 2, Darker 50% (sixth row, sixth option from the left).Select the second stop in the slider, and then do the following: In the Position box, enter 100%.Click the button next to Color, and then under Theme Colors,click Red Accent 2, Darker 25% (fifth row, sixth option from the left).Also in the FormatShape dialog box, click LineColor in the left pane, and then in the LineColor pane, select No line.On the slide, drag the rectangle until the right edge is against the vertical guideline.On the Home, tab, in the Drawing group, click Arrange, point to Align, and then do the following:Click Align to Slide.Click Align Middle.To reproduce the second shape in the Inside-left pages group on this slide, do the following:On the Home tab,in the Drawing group, click Shapes, and then under Rectangles click Rectangle (first option from the left). On the slide, drag to draw a rectangle. Under Drawing Tools, on the Format tab, in the Size group, do the following:In the Shape Height box, enter 4.33”. In the Shape Width box, enter 3.15”.On the Home tab, in the bottom right corner of the Drawing group, click the Format Shape dialog box launcher. In the FormatShape dialog box, click Fill in the left pane, select Gradientfill in the Fill pane, and then do the following: In the Type list, select Linear.Click the button next to Direction, and then click Linear Left (first row, fifth option from the left).In the Angle box, enter 180°. Under Gradient stops, click Add gradient stops or Remove gradient stops until five stops appear in the slider. Also under Gradient stops, customize the gradient stops that you added as follows:Select the first stop in the slider, and then do the following:In the Position box, enter 0%.Click the button next to Color, and then under ThemeColors, click White, Background 1, Darker 35% (fifth row, first option from the left).Select the second stop in the slider, and then do the following: In the Position box, enter 5%.Click the button next to Color, and then under ThemeColors, click White, Background 1 (first row, first option from the left).Select the third stop in the slider, and then do the following: In the Position box, enter 18%.Click the button next to Color, and then under ThemeColors, click White, Background 1, Darker 5% (second row, first option from the left).Select the fourth stop in the slider, and then do the following: In the Position box, enter 38%.Click the button next to Color, and then under ThemeColors, click White, Background 1 (first row, first option from the left).Select the fifth stop in the slider, and then do the following: In the Position box, enter 93%.Click the button next to Color, and then under ThemeColor,s click White, Background 1 (first row, first option from the left).Also in the FormatShape dialog box, click LineColor in the left pane, and then in the LineColor pane, select Noline.Also in the FormatShape dialog box, click Shadow in the left pane. In the Shadow pane, click the button next to Presets, under Outer click OffsetRight (second row, first option from the left), and then do the following:In the Transparency box, enter 60%.In the Size box, enter 100%.In the Blur box, enter 4 pt.In the Angle box, enter 0°.In the Distance box, enter 3 pt.On the slide, drag the rectangle until the right edge touches the vertical drawing guide.On the Home tab, in the Drawing group, click Arrange, point to Align, and then do the following:Click Align to Slide.Click Align Middle.Press and hold CTRL, and then in the Selection and Visibility task pane, select the rectangle and the rounded rectangle to the left of the vertical drawing guide.On the Home tab, in the Drawing group, click Arrange, and then click Group.In the Selection and Visibility task pane, double-click the new group to edit the name, and then enter Inside-left pages.To reproduce the first shape in the Inside-right pages with text group, do the following:In the SelectionandVisibility task pane, select the Inside-left pages group. On the Home tab, in the Clipboard group, click the arrow to the right of Copy, and then click Duplicate.On the Home tab, in the Drawing group, click Arrange, point to Rotate, and then click MoreRotationOptions. In the Size and Position dialog box, on the Size tab, under Size and rotation, in the Rotation box, enter 180°.In the Selection and Visibility task pane, double-click the new group to edit the name, and then enter Inside-right pages.On the slide, drag the rectangle until the left edge is against the vertical drawing guide.On the Home, tab, in the Drawing group, click Arrange, point to Align, and then do the following:Click Align to Slide.ClickAlign Middle. To reproduce the text effects in the Inside-right pages with text group, do the following:On the Insert tab, in the Text group, click Text Box, and then on the slide, drag to draw a text box. Enter text in the text box, and then select the text. (Note: To reproduce the example above, enter Introduction.) On the Home tab, in the Font group, do the following:In the Font list, select Vivaldi.In the Font Size list, select 18.On the Home tab, in the Paragraph group, click Center to center the text in the text box.On the slide, drag the text box until the left edge of the text is 1” to the right of the vertical drawing guide and the bottom edge of the text is 0.5” above the horizontal drawing guide. To reproduce the page edges in the Inside-right pages with text group, do the following:On the Home tab, in the Drawing group, click Shapes, and then under Lines click Line (first option from the left). On the slide, press and hold SHIFT, and then drag to draw a straight, vertical line.Select the line. Under Drawing Tools, on the Format tab, in the Size group, in the Shape Width box, enter 4.32”.Under Drawing Tools, on the Format tab, in the Shape Styles group, click the arrow next to Shape Outline, and then under ThemeColors, click White, Background 1, Darker 15% (third row, first option from the left).On the Home tab, in the Clipboard group, click the arrow to the right of Copy, and then click Duplicate. Repeat this process for a total of six lines.On the slide, drag the six lines until they are bunched together in a dense group, no wider than 0.5”. In the Selection and Visibility task pane, press and hold CTRL, and then select all six straight connectors (lines).On the Home tab, in the Drawing group, click Arrange, point to Align, and then do the following:Point to Align, and then click Align Selected Objects. Point to Align, and then click Distribute Horizontally. Point to Align, and then click Align Middle. Click Group.On the slide, drag the group of lines until the right edge of the group of lines is touching the right edge of the white rectangle to the right of the vertical drawing guide.On the Home tab, in the Drawing group, click Arrange, point to Align, and then do the following:Click Align to Slide.Click Align Middle.In the Selection and Visibility taskpane, press and hold CTRL, and then select the group of lines, the text box, and the Inside-right pages group.On the Home tab, in the Drawing group, click the arrow under Arrange, and then click Group.In the Selection and Visibility task pane, double-click the new group to edit the name, and then enter Inside-right pages with text.To reproduce the animation effects on this slide, do the following:In the Selection and Visibility pane, select the Book cover group. On the Home tab, in the Drawing group, click Arrange, and then click Bring to Front.In the Selection and Visibility pane, select the Inside-left pages group. On the Home tab, in the Drawing group, click Arrange, and then click BringForward.In the Selection and Visibility pane, select the Book cover group. On the Animations tab, in the AdvancedAnimation group, click AddAnimation, point to Exit, and then click MoreExitEffects. In the AddExitEffect dialog box, under Basic, click Wipe.On the Animations tab, in the Timing group, do the following:In the Start list, select WithPrevious.In the Duration box, enter 1.00 second.Also on the Animations tab, in the Animation group, click Effect Options, and then click From Right.In the Selection and Visibility pane, select the Inside-left pages group. On the Animations tab, in the Advanced Animation group, lick AddAnimation, point to Entrance, and then click MoreEntranceEffects. In the AddEntranceEffect dialog box, under Basic, click Wipe.On the Animations tab, in the Timing group,do the following:In the Start list, select AfterPrevious.In the Duration box, select 1.00 seconds. Also on the Animations tab, in the Animation group, click Effect Options, and then click From Right.To reproduce the background effects on this slide, do the following:Right-click the slide background area, and then click Format Background. In the Format Background dialog box, click Fill in the left pane, select Gradient fill in the Fill pane, and then do the following:In the Type list, select Linear.Click the button next to Direction, and then click Linear Down (first row, second option from the left).Under Gradient stops, click Add gradient stops or Remove gradient stops until two stops appear in the slider.Also under Gradient stops, customize the gradient stops that you added as follows:Select the first stop in the slider, and then do the following:In the Position box, enter 63%.Click the button next to Color, and then under Theme Colors,click Black, Text 1 (first row, second option from the left).Select the second stop in the slider, and then do the following: In the Position box, enter 100%.Click the button next to Color list, and then under Theme Colors,click Black, Text 1, Lighter 50% (second row, second option from the left).
Animated open book effect(Difficult)Tip: You will need to use drawing guides and the ruler to position the objects on this slide. To display the drawing guides and the ruler, do the following:On the Home tab, in the Slides group, click Layout, and then click Blank.Right-click the slide background area, and then click Grid and Guides.In the Grid and Guides dialog box, under Guidesettings, select Display drawing guides on screen. (Note: One horizontal and one vertical guide will display on the slide at 0.00, the default position. The spine of the book will be aligned to the vertical drawing guide.) On the View tab, in the Show/Hide group, select Ruler. To reproduce the first shape in the Book cover group on this slide, do the following:On the Home tab, in the Drawing group, click Shapes, and then under Rectangles click Rounded Rectangle (second option from the left). On the slide, drag to draw a rounded rectangle.Select the rounded rectangle. Under Drawing Tools, on the Format tab, in the Size group, do the following:In the Shape Height box, enter 4.5”.In the Shape Width box, enter 3.33”.On the rounded rectangle, drag the yellow diamond adjustment handle to the left to decrease the amount of rounding on the corners.On the Home tab, in the bottom right corner of the Drawing group, click the Format Shape dialog box launcher. In the FormatShape dialog box, click Fill in the left pane, select Gradientfill in the Fill pane, and then do the following: In the Type list, select Linear.Click the button next to Direction, and then click Linear Right (first row, fourth option from the left).In the Angle box, enter 0°. Under Gradient stops, click Add gradient stops or Remove gradient stops until two stops appear in the slider. Also under Gradient stops, customize the gradient stops that you added as follows:Select the first stop in the slider, and then do the following:In the Position box, enter 0%.Click the button next to Color, and then under Theme Colors,click Red, Accent 2, Darker 50% (sixth row, sixth option from the left). Select the second stop in the slider, and then do the following: In the Position box, enter 100%.Click the button next to Color, and then under Theme Colors,click Red, Accent 2, Darker 25% (fifth row, sixth option from the left).Also in the FormatShape dialog box, click LineColor in the left pane. In the LineColor pane, select Noline.Also in the FormatShape dialog box, click 3-DFormat in the left pane, and then in the 3-DFormat pane, do the following:Under Bevel, click the button next to Top, and then under Bevel click Circle (first row, first option from the left). Next to Top, in the Width box, enter 4 pt, and in the Height box, enter 4 pt.Under Surface, click the button next to Material, and then under Standard click WarmMatte (second option from the left).Also under Surface, click the button next to Lighting, and then under Neutral, click ThreePoint (first row, first option from the left).On the slide, drag the rounded rectangle until the left edge is against the vertical drawing guide.On the Home tab, in the Drawing group, click Arrange, point to Align, and then do the following:Click Align to Slide.Click Align Middle.To reproduce the second shape in the Book cover group on this slide, do the following:On the Home tab, in the Clipboard group, click the arrow under Paste, and then click Duplicate.On the slide, drag the duplicate rectangle until the left edge is against the vertical drawing guide.On the Home tab, in the Drawing group, click Arrange, point to Align, and then do the following:Click Align to Slide. Click Align Middle.Under Drawing Tools, on the Format tab, in the Size group, in the Shape Width box, enter 0.73”.On the Home tab, in the bottom right corner of the Drawing group, click the Format Shape dialog box launcher. In the FormatShape dialog box, click Fill in the left pane, select Gradientfill in the Fill pane, and then do the following: In the Type list, select Linear.Click the button next to Direction, and then click Linear Left (first row, fifth option from the left).In the Angle box, enter 180°.Under Gradient stops, click Add gradient stops or Remove gradient stops until two stops appear in the slider. Also under Gradient stops, customize the gradient stops that you added as follows:Select the first stop in the slider, and then do the following:In the Position box, enter 0%.Click the button next to Color, and then under Theme Colors,click Black, Text 1 (first row, second option from the left).In the Transparency box, enter 50%.Select the second stop in the slider, and then do the following: In the Position box, enter 100%.Click the button next to Color, and then under Theme Colors,click Black, Text 1 (first row, second option from the left).In the Transparency box, enter 100%.Also in the FormatShape dialog box, click 3-DFormat in the left pane. In the 3-D Format pane, under Bevel, click the button next to Top, and then under NoBevel, click None.To reproduce the third shape (first small rectangle on the book spine) in the Book cover group on this slide, do the following:Select the first, larger rectangle on the slide. On the Home tab, in the Clipboard group, click the arrow to the right of Copy, and then click Duplicate.Select the third, duplicate rectangle. Under Drawing tools, on the Format tab, in the Size group, do the following:In the Shape Height box, enter 0.08”. In the Shape Width box, enter 0.73”.On the Home tab, in the bottom right corner of the Drawing group, click the Format Shape dialog box launcher. In the FormatShape dialog box, click Fill in the left pane, select Gradientfill in the Fill pane, and then do the following: In the Type list, select Linear.Click the button next to Direction, and then click Linear Diagonal (first row, third option from the left).In the Angle box, enter 135°.Also in the FormatShape dialog box, click 3-DFormat in the left pane, and then in the 3-D Format pane, do the following:Under Bevel, next to Top, in the Width box, enter 3 pt, and in the Height box, enter 3 pt.Under Surface, click the button next to Lighting, and then under Neutral click Soft (first row, third option from the left).To reproduce the rest of the shapes (other small rectangles on the book spine) in the Book cover group on this slide, do the following:Select the third, smaller rectangle.On the Home tab, in the Clipboard group, click the arrow to the right of Copy, and then click Duplicate. Repeat this process for a total of four thin, rounded rectangles. To position the four thin, rounded rectangles on the book spine, do the following:Drag the first rectangle 1.75” above the horizontal drawing guide, with the left edge touching the vertical drawing guide.Drag the second rectangle 0.75” above the horizontal drawing guide, with the left edge touching the vertical drawing guide.Drag the third rectangle 0.75” below the horizontal drawing guide, with the left edge touching the vertical drawing guide.Drag the fourth rectangle 1.75” below the horizontal drawing guide, with the left edge touching the vertical drawing guide.On the Home tab, in the Editing group, click Select, and then click SelectAll.On the Home tab, in the Drawing group, click Arrange, and then click Group.On the Home tab, in the Editing group, click Select, and then click Selection Pane.On the Selection and Visibility pane, double-click the group to edit the name, and then enter Book cover. To reproduce the first shape in the Inside-left pages group on this slide, do the following:On the Home tab, in the Drawing group, click Shapes, and then under Rectangles click Rounded Rectangle (second option from the left). On the slide, drag to draw a rounded rectangle.Under Drawing Tools, on the Format tab, in the Size group, do the following:In the Shape Height box, enter 4.5”. In the Shape Width box, enter 3.33”.On the rounded rectangle, drag the yellow diamond adjustment handle to the left to decrease the amount of rounding on the corners. On the Home tab, in the bottom right corner of the Drawing group, click the Format Shape dialog box launcher. In the FormatShape dialog box, click Fill in the left pane, select Gradientfill in the Fill pane, and then do the following: In the Type list, select Linear.Click the button next to Direction, and then click Linear Left (first row, fifth option from the left).In the Angle box, enter 180°. Under Gradient stops, click Add gradient stops or Remove gradient stops until two stops appear in the slider. Also under Gradient stops, customize the gradient stops that you added as follows:Select the first stop in the slider, and then do the following:In the Position box, enter 0%.Click the button next to Color, and then under Theme Colors,click Red, Accent 2, Darker 50% (sixth row, sixth option from the left).Select the second stop in the slider, and then do the following: In the Position box, enter 100%.Click the button next to Color, and then under Theme Colors,click Red Accent 2, Darker 25% (fifth row, sixth option from the left).Also in the FormatShape dialog box, click LineColor in the left pane, and then in the LineColor pane, select No line.On the slide, drag the rectangle until the right edge is against the vertical guideline.On the Home, tab, in the Drawing group, click Arrange, point to Align, and then do the following:Click Align to Slide.Click Align Middle.To reproduce the second shape in the Inside-left pages group on this slide, do the following:On the Home tab,in the Drawing group, click Shapes, and then under Rectangles click Rectangle (first option from the left). On the slide, drag to draw a rectangle. Under Drawing Tools, on the Format tab, in the Size group, do the following:In the Shape Height box, enter 4.33”. In the Shape Width box, enter 3.15”.On the Home tab, in the bottom right corner of the Drawing group, click the Format Shape dialog box launcher. In the FormatShape dialog box, click Fill in the left pane, select Gradientfill in the Fill pane, and then do the following: In the Type list, select Linear.Click the button next to Direction, and then click Linear Left (first row, fifth option from the left).In the Angle box, enter 180°. Under Gradient stops, click Add gradient stops or Remove gradient stops until five stops appear in the slider. Also under Gradient stops, customize the gradient stops that you added as follows:Select the first stop in the slider, and then do the following:In the Position box, enter 0%.Click the button next to Color, and then under ThemeColors, click White, Background 1, Darker 35% (fifth row, first option from the left).Select the second stop in the slider, and then do the following: In the Position box, enter 5%.Click the button next to Color, and then under ThemeColors, click White, Background 1 (first row, first option from the left).Select the third stop in the slider, and then do the following: In the Position box, enter 18%.Click the button next to Color, and then under ThemeColors, click White, Background 1, Darker 5% (second row, first option from the left).Select the fourth stop in the slider, and then do the following: In the Position box, enter 38%.Click the button next to Color, and then under ThemeColors, click White, Background 1 (first row, first option from the left).Select the fifth stop in the slider, and then do the following: In the Position box, enter 93%.Click the button next to Color, and then under ThemeColor,s click White, Background 1 (first row, first option from the left).Also in the FormatShape dialog box, click LineColor in the left pane, and then in the LineColor pane, select Noline.Also in the FormatShape dialog box, click Shadow in the left pane. In the Shadow pane, click the button next to Presets, under Outer click OffsetRight (second row, first option from the left), and then do the following:In the Transparency box, enter 60%.In the Size box, enter 100%.In the Blur box, enter 4 pt.In the Angle box, enter 0°.In the Distance box, enter 3 pt.On the slide, drag the rectangle until the right edge touches the vertical drawing guide.On the Home tab, in the Drawing group, click Arrange, point to Align, and then do the following:Click Align to Slide.Click Align Middle.Press and hold CTRL, and then in the Selection and Visibility task pane, select the rectangle and the rounded rectangle to the left of the vertical drawing guide.On the Home tab, in the Drawing group, click Arrange, and then click Group.In the Selection and Visibility task pane, double-click the new group to edit the name, and then enter Inside-left pages.To reproduce the first shape in the Inside-right pages with text group, do the following:In the SelectionandVisibility task pane, select the Inside-left pages group. On the Home tab, in the Clipboard group, click the arrow to the right of Copy, and then click Duplicate.On the Home tab, in the Drawing group, click Arrange, point to Rotate, and then click MoreRotationOptions. In the Size and Position dialog box, on the Size tab, under Size and rotation, in the Rotation box, enter 180°.In the Selection and Visibility task pane, double-click the new group to edit the name, and then enter Inside-right pages.On the slide, drag the rectangle until the left edge is against the vertical drawing guide.On the Home, tab, in the Drawing group, click Arrange, point to Align, and then do the following:Click Align to Slide.ClickAlign Middle. To reproduce the text effects in the Inside-right pages with text group, do the following:On the Insert tab, in the Text group, click Text Box, and then on the slide, drag to draw a text box. Enter text in the text box, and then select the text. (Note: To reproduce the example above, enter Introduction.) On the Home tab, in the Font group, do the following:In the Font list, select Vivaldi.In the Font Size list, select 18.On the Home tab, in the Paragraph group, click Center to center the text in the text box.On the slide, drag the text box until the left edge of the text is 1” to the right of the vertical drawing guide and the bottom edge of the text is 0.5” above the horizontal drawing guide. To reproduce the page edges in the Inside-right pages with text group, do the following:On the Home tab, in the Drawing group, click Shapes, and then under Lines click Line (first option from the left). On the slide, press and hold SHIFT, and then drag to draw a straight, vertical line.Select the line. Under Drawing Tools, on the Format tab, in the Size group, in the Shape Width box, enter 4.32”.Under Drawing Tools, on the Format tab, in the Shape Styles group, click the arrow next to Shape Outline, and then under ThemeColors, click White, Background 1, Darker 15% (third row, first option from the left).On the Home tab, in the Clipboard group, click the arrow to the right of Copy, and then click Duplicate. Repeat this process for a total of six lines.On the slide, drag the six lines until they are bunched together in a dense group, no wider than 0.5”. In the Selection and Visibility task pane, press and hold CTRL, and then select all six straight connectors (lines).On the Home tab, in the Drawing group, click Arrange, point to Align, and then do the following:Point to Align, and then click Align Selected Objects. Point to Align, and then click Distribute Horizontally. Point to Align, and then click Align Middle. Click Group.On the slide, drag the group of lines until the right edge of the group of lines is touching the right edge of the white rectangle to the right of the vertical drawing guide.On the Home tab, in the Drawing group, click Arrange, point to Align, and then do the following:Click Align to Slide.Click Align Middle.In the Selection and Visibility taskpane, press and hold CTRL, and then select the group of lines, the text box, and the Inside-right pages group.On the Home tab, in the Drawing group, click the arrow under Arrange, and then click Group.In the Selection and Visibility task pane, double-click the new group to edit the name, and then enter Inside-right pages with text.To reproduce the animation effects on this slide, do the following:In the Selection and Visibility pane, select the Book cover group. On the Home tab, in the Drawing group, click Arrange, and then click Bring to Front.In the Selection and Visibility pane, select the Inside-left pages group. On the Home tab, in the Drawing group, click Arrange, and then click BringForward.In the Selection and Visibility pane, select the Book cover group. On the Animations tab, in the AdvancedAnimation group, click AddAnimation, point to Exit, and then click MoreExitEffects. In the AddExitEffect dialog box, under Basic, click Wipe.On the Animations tab, in the Timing group, do the following:In the Start list, select WithPrevious.In the Duration box, enter 1.00 second.Also on the Animations tab, in the Animation group, click Effect Options, and then click From Right.In the Selection and Visibility pane, select the Inside-left pages group. On the Animations tab, in the Advanced Animation group, lick AddAnimation, point to Entrance, and then click MoreEntranceEffects. In the AddEntranceEffect dialog box, under Basic, click Wipe.On the Animations tab, in the Timing group,do the following:In the Start list, select AfterPrevious.In the Duration box, select 1.00 seconds. Also on the Animations tab, in the Animation group, click Effect Options, and then click From Right.To reproduce the background effects on this slide, do the following:Right-click the slide background area, and then click Format Background. In the Format Background dialog box, click Fill in the left pane, select Gradient fill in the Fill pane, and then do the following:In the Type list, select Linear.Click the button next to Direction, and then click Linear Down (first row, second option from the left).Under Gradient stops, click Add gradient stops or Remove gradient stops until two stops appear in the slider.Also under Gradient stops, customize the gradient stops that you added as follows:Select the first stop in the slider, and then do the following:In the Position box, enter 63%.Click the button next to Color, and then under Theme Colors,click Black, Text 1 (first row, second option from the left).Select the second stop in the slider, and then do the following: In the Position box, enter 100%.Click the button next to Color list, and then under Theme Colors,click Black, Text 1, Lighter 50% (second row, second option from the left).
Animated open book effect(Difficult)Tip: You will need to use drawing guides and the ruler to position the objects on this slide. To display the drawing guides and the ruler, do the following:On the Home tab, in the Slides group, click Layout, and then click Blank.Right-click the slide background area, and then click Grid and Guides.In the Grid and Guides dialog box, under Guidesettings, select Display drawing guides on screen. (Note: One horizontal and one vertical guide will display on the slide at 0.00, the default position. The spine of the book will be aligned to the vertical drawing guide.) On the View tab, in the Show/Hide group, select Ruler. To reproduce the first shape in the Book cover group on this slide, do the following:On the Home tab, in the Drawing group, click Shapes, and then under Rectangles click Rounded Rectangle (second option from the left). On the slide, drag to draw a rounded rectangle.Select the rounded rectangle. Under Drawing Tools, on the Format tab, in the Size group, do the following:In the Shape Height box, enter 4.5”.In the Shape Width box, enter 3.33”.On the rounded rectangle, drag the yellow diamond adjustment handle to the left to decrease the amount of rounding on the corners.On the Home tab, in the bottom right corner of the Drawing group, click the Format Shape dialog box launcher. In the FormatShape dialog box, click Fill in the left pane, select Gradientfill in the Fill pane, and then do the following: In the Type list, select Linear.Click the button next to Direction, and then click Linear Right (first row, fourth option from the left).In the Angle box, enter 0°. Under Gradient stops, click Add gradient stops or Remove gradient stops until two stops appear in the slider. Also under Gradient stops, customize the gradient stops that you added as follows:Select the first stop in the slider, and then do the following:In the Position box, enter 0%.Click the button next to Color, and then under Theme Colors,click Red, Accent 2, Darker 50% (sixth row, sixth option from the left). Select the second stop in the slider, and then do the following: In the Position box, enter 100%.Click the button next to Color, and then under Theme Colors,click Red, Accent 2, Darker 25% (fifth row, sixth option from the left).Also in the FormatShape dialog box, click LineColor in the left pane. In the LineColor pane, select Noline.Also in the FormatShape dialog box, click 3-DFormat in the left pane, and then in the 3-DFormat pane, do the following:Under Bevel, click the button next to Top, and then under Bevel click Circle (first row, first option from the left). Next to Top, in the Width box, enter 4 pt, and in the Height box, enter 4 pt.Under Surface, click the button next to Material, and then under Standard click WarmMatte (second option from the left).Also under Surface, click the button next to Lighting, and then under Neutral, click ThreePoint (first row, first option from the left).On the slide, drag the rounded rectangle until the left edge is against the vertical drawing guide.On the Home tab, in the Drawing group, click Arrange, point to Align, and then do the following:Click Align to Slide.Click Align Middle.To reproduce the second shape in the Book cover group on this slide, do the following:On the Home tab, in the Clipboard group, click the arrow under Paste, and then click Duplicate.On the slide, drag the duplicate rectangle until the left edge is against the vertical drawing guide.On the Home tab, in the Drawing group, click Arrange, point to Align, and then do the following:Click Align to Slide. Click Align Middle.Under Drawing Tools, on the Format tab, in the Size group, in the Shape Width box, enter 0.73”.On the Home tab, in the bottom right corner of the Drawing group, click the Format Shape dialog box launcher. In the FormatShape dialog box, click Fill in the left pane, select Gradientfill in the Fill pane, and then do the following: In the Type list, select Linear.Click the button next to Direction, and then click Linear Left (first row, fifth option from the left).In the Angle box, enter 180°.Under Gradient stops, click Add gradient stops or Remove gradient stops until two stops appear in the slider. Also under Gradient stops, customize the gradient stops that you added as follows:Select the first stop in the slider, and then do the following:In the Position box, enter 0%.Click the button next to Color, and then under Theme Colors,click Black, Text 1 (first row, second option from the left).In the Transparency box, enter 50%.Select the second stop in the slider, and then do the following: In the Position box, enter 100%.Click the button next to Color, and then under Theme Colors,click Black, Text 1 (first row, second option from the left).In the Transparency box, enter 100%.Also in the FormatShape dialog box, click 3-DFormat in the left pane. In the 3-D Format pane, under Bevel, click the button next to Top, and then under NoBevel, click None.To reproduce the third shape (first small rectangle on the book spine) in the Book cover group on this slide, do the following:Select the first, larger rectangle on the slide. On the Home tab, in the Clipboard group, click the arrow to the right of Copy, and then click Duplicate.Select the third, duplicate rectangle. Under Drawing tools, on the Format tab, in the Size group, do the following:In the Shape Height box, enter 0.08”. In the Shape Width box, enter 0.73”.On the Home tab, in the bottom right corner of the Drawing group, click the Format Shape dialog box launcher. In the FormatShape dialog box, click Fill in the left pane, select Gradientfill in the Fill pane, and then do the following: In the Type list, select Linear.Click the button next to Direction, and then click Linear Diagonal (first row, third option from the left).In the Angle box, enter 135°.Also in the FormatShape dialog box, click 3-DFormat in the left pane, and then in the 3-D Format pane, do the following:Under Bevel, next to Top, in the Width box, enter 3 pt, and in the Height box, enter 3 pt.Under Surface, click the button next to Lighting, and then under Neutral click Soft (first row, third option from the left).To reproduce the rest of the shapes (other small rectangles on the book spine) in the Book cover group on this slide, do the following:Select the third, smaller rectangle.On the Home tab, in the Clipboard group, click the arrow to the right of Copy, and then click Duplicate. Repeat this process for a total of four thin, rounded rectangles. To position the four thin, rounded rectangles on the book spine, do the following:Drag the first rectangle 1.75” above the horizontal drawing guide, with the left edge touching the vertical drawing guide.Drag the second rectangle 0.75” above the horizontal drawing guide, with the left edge touching the vertical drawing guide.Drag the third rectangle 0.75” below the horizontal drawing guide, with the left edge touching the vertical drawing guide.Drag the fourth rectangle 1.75” below the horizontal drawing guide, with the left edge touching the vertical drawing guide.On the Home tab, in the Editing group, click Select, and then click SelectAll.On the Home tab, in the Drawing group, click Arrange, and then click Group.On the Home tab, in the Editing group, click Select, and then click Selection Pane.On the Selection and Visibility pane, double-click the group to edit the name, and then enter Book cover. To reproduce the first shape in the Inside-left pages group on this slide, do the following:On the Home tab, in the Drawing group, click Shapes, and then under Rectangles click Rounded Rectangle (second option from the left). On the slide, drag to draw a rounded rectangle.Under Drawing Tools, on the Format tab, in the Size group, do the following:In the Shape Height box, enter 4.5”. In the Shape Width box, enter 3.33”.On the rounded rectangle, drag the yellow diamond adjustment handle to the left to decrease the amount of rounding on the corners. On the Home tab, in the bottom right corner of the Drawing group, click the Format Shape dialog box launcher. In the FormatShape dialog box, click Fill in the left pane, select Gradientfill in the Fill pane, and then do the following: In the Type list, select Linear.Click the button next to Direction, and then click Linear Left (first row, fifth option from the left).In the Angle box, enter 180°. Under Gradient stops, click Add gradient stops or Remove gradient stops until two stops appear in the slider. Also under Gradient stops, customize the gradient stops that you added as follows:Select the first stop in the slider, and then do the following:In the Position box, enter 0%.Click the button next to Color, and then under Theme Colors,click Red, Accent 2, Darker 50% (sixth row, sixth option from the left).Select the second stop in the slider, and then do the following: In the Position box, enter 100%.Click the button next to Color, and then under Theme Colors,click Red Accent 2, Darker 25% (fifth row, sixth option from the left).Also in the FormatShape dialog box, click LineColor in the left pane, and then in the LineColor pane, select No line.On the slide, drag the rectangle until the right edge is against the vertical guideline.On the Home, tab, in the Drawing group, click Arrange, point to Align, and then do the following:Click Align to Slide.Click Align Middle.To reproduce the second shape in the Inside-left pages group on this slide, do the following:On the Home tab,in the Drawing group, click Shapes, and then under Rectangles click Rectangle (first option from the left). On the slide, drag to draw a rectangle. Under Drawing Tools, on the Format tab, in the Size group, do the following:In the Shape Height box, enter 4.33”. In the Shape Width box, enter 3.15”.On the Home tab, in the bottom right corner of the Drawing group, click the Format Shape dialog box launcher. In the FormatShape dialog box, click Fill in the left pane, select Gradientfill in the Fill pane, and then do the following: In the Type list, select Linear.Click the button next to Direction, and then click Linear Left (first row, fifth option from the left).In the Angle box, enter 180°. Under Gradient stops, click Add gradient stops or Remove gradient stops until five stops appear in the slider. Also under Gradient stops, customize the gradient stops that you added as follows:Select the first stop in the slider, and then do the following:In the Position box, enter 0%.Click the button next to Color, and then under ThemeColors, click White, Background 1, Darker 35% (fifth row, first option from the left).Select the second stop in the slider, and then do the following: In the Position box, enter 5%.Click the button next to Color, and then under ThemeColors, click White, Background 1 (first row, first option from the left).Select the third stop in the slider, and then do the following: In the Position box, enter 18%.Click the button next to Color, and then under ThemeColors, click White, Background 1, Darker 5% (second row, first option from the left).Select the fourth stop in the slider, and then do the following: In the Position box, enter 38%.Click the button next to Color, and then under ThemeColors, click White, Background 1 (first row, first option from the left).Select the fifth stop in the slider, and then do the following: In the Position box, enter 93%.Click the button next to Color, and then under ThemeColor,s click White, Background 1 (first row, first option from the left).Also in the FormatShape dialog box, click LineColor in the left pane, and then in the LineColor pane, select Noline.Also in the FormatShape dialog box, click Shadow in the left pane. In the Shadow pane, click the button next to Presets, under Outer click OffsetRight (second row, first option from the left), and then do the following:In the Transparency box, enter 60%.In the Size box, enter 100%.In the Blur box, enter 4 pt.In the Angle box, enter 0°.In the Distance box, enter 3 pt.On the slide, drag the rectangle until the right edge touches the vertical drawing guide.On the Home tab, in the Drawing group, click Arrange, point to Align, and then do the following:Click Align to Slide.Click Align Middle.Press and hold CTRL, and then in the Selection and Visibility task pane, select the rectangle and the rounded rectangle to the left of the vertical drawing guide.On the Home tab, in the Drawing group, click Arrange, and then click Group.In the Selection and Visibility task pane, double-click the new group to edit the name, and then enter Inside-left pages.To reproduce the first shape in the Inside-right pages with text group, do the following:In the SelectionandVisibility task pane, select the Inside-left pages group. On the Home tab, in the Clipboard group, click the arrow to the right of Copy, and then click Duplicate.On the Home tab, in the Drawing group, click Arrange, point to Rotate, and then click MoreRotationOptions. In the Size and Position dialog box, on the Size tab, under Size and rotation, in the Rotation box, enter 180°.In the Selection and Visibility task pane, double-click the new group to edit the name, and then enter Inside-right pages.On the slide, drag the rectangle until the left edge is against the vertical drawing guide.On the Home, tab, in the Drawing group, click Arrange, point to Align, and then do the following:Click Align to Slide.ClickAlign Middle. To reproduce the text effects in the Inside-right pages with text group, do the following:On the Insert tab, in the Text group, click Text Box, and then on the slide, drag to draw a text box. Enter text in the text box, and then select the text. (Note: To reproduce the example above, enter Introduction.) On the Home tab, in the Font group, do the following:In the Font list, select Vivaldi.In the Font Size list, select 18.On the Home tab, in the Paragraph group, click Center to center the text in the text box.On the slide, drag the text box until the left edge of the text is 1” to the right of the vertical drawing guide and the bottom edge of the text is 0.5” above the horizontal drawing guide. To reproduce the page edges in the Inside-right pages with text group, do the following:On the Home tab, in the Drawing group, click Shapes, and then under Lines click Line (first option from the left). On the slide, press and hold SHIFT, and then drag to draw a straight, vertical line.Select the line. Under Drawing Tools, on the Format tab, in the Size group, in the Shape Width box, enter 4.32”.Under Drawing Tools, on the Format tab, in the Shape Styles group, click the arrow next to Shape Outline, and then under ThemeColors, click White, Background 1, Darker 15% (third row, first option from the left).On the Home tab, in the Clipboard group, click the arrow to the right of Copy, and then click Duplicate. Repeat this process for a total of six lines.On the slide, drag the six lines until they are bunched together in a dense group, no wider than 0.5”. In the Selection and Visibility task pane, press and hold CTRL, and then select all six straight connectors (lines).On the Home tab, in the Drawing group, click Arrange, point to Align, and then do the following:Point to Align, and then click Align Selected Objects. Point to Align, and then click Distribute Horizontally. Point to Align, and then click Align Middle. Click Group.On the slide, drag the group of lines until the right edge of the group of lines is touching the right edge of the white rectangle to the right of the vertical drawing guide.On the Home tab, in the Drawing group, click Arrange, point to Align, and then do the following:Click Align to Slide.Click Align Middle.In the Selection and Visibility taskpane, press and hold CTRL, and then select the group of lines, the text box, and the Inside-right pages group.On the Home tab, in the Drawing group, click the arrow under Arrange, and then click Group.In the Selection and Visibility task pane, double-click the new group to edit the name, and then enter Inside-right pages with text.To reproduce the animation effects on this slide, do the following:In the Selection and Visibility pane, select the Book cover group. On the Home tab, in the Drawing group, click Arrange, and then click Bring to Front.In the Selection and Visibility pane, select the Inside-left pages group. On the Home tab, in the Drawing group, click Arrange, and then click BringForward.In the Selection and Visibility pane, select the Book cover group. On the Animations tab, in the AdvancedAnimation group, click AddAnimation, point to Exit, and then click MoreExitEffects. In the AddExitEffect dialog box, under Basic, click Wipe.On the Animations tab, in the Timing group, do the following:In the Start list, select WithPrevious.In the Duration box, enter 1.00 second.Also on the Animations tab, in the Animation group, click Effect Options, and then click From Right.In the Selection and Visibility pane, select the Inside-left pages group. On the Animations tab, in the Advanced Animation group, lick AddAnimation, point to Entrance, and then click MoreEntranceEffects. In the AddEntranceEffect dialog box, under Basic, click Wipe.On the Animations tab, in the Timing group,do the following:In the Start list, select AfterPrevious.In the Duration box, select 1.00 seconds. Also on the Animations tab, in the Animation group, click Effect Options, and then click From Right.To reproduce the background effects on this slide, do the following:Right-click the slide background area, and then click Format Background. In the Format Background dialog box, click Fill in the left pane, select Gradient fill in the Fill pane, and then do the following:In the Type list, select Linear.Click the button next to Direction, and then click Linear Down (first row, second option from the left).Under Gradient stops, click Add gradient stops or Remove gradient stops until two stops appear in the slider.Also under Gradient stops, customize the gradient stops that you added as follows:Select the first stop in the slider, and then do the following:In the Position box, enter 63%.Click the button next to Color, and then under Theme Colors,click Black, Text 1 (first row, second option from the left).Select the second stop in the slider, and then do the following: In the Position box, enter 100%.Click the button next to Color list, and then under Theme Colors,click Black, Text 1, Lighter 50% (second row, second option from the left).
Animated floating petals(Difficult)Tip: For best results with the animation effects on this slide, choose a picture with an object that is made up of multiple parts, like the flower in this example. To reproduce the background effects on this slide, do the following:On the Home tab, in the Slides group, click Layout, and then click Blank. Right-click the slide and then click FormatBackground.In the Format Background dialog box, click Fill in the left pane. In the Fill pane, select Picture or texture fill, and then under Insert from, click File. In the Insert Picture dialog box, select a picture, and then click Insert.On the Insert tab, in the Illustrations group, click Shapes, and then under Rectangles, click Rectangle (first option from the left). On the slide, drag to draw a rectangle. Select the rectangle. Under Drawing Tools, on the Format tab, in the Size group, do the following:In the Shape Height box, enter 7.5”.In the Shape Width box, enter 10”.On the Home tab, in the Drawing group, click the arrow next to Shape Outline, and then click No Outline.On the Home tab, in the Drawing group, click the arrow next to Shape Fill, point to Gradient, and then click More Gradients. In the Format Shape dialog box, click Fill in the left pane. In the Fill pane, select Gradient fill, and then do the following:In the Type list, select Radial.Click the button next to Direction, and then click From Center (third option from the left).Under Gradient stops, click Add gradient stops or Remove gradient stops until two stops appear in the drop-down list.Also under Gradient stops, customize the gradient stops that you added as follows:Select the first stop in the slider, and then do the following:In the Position box, enter 0%.Click the button next to Color, and then under Theme Colors click Black, Text 1, Lighter 5% (sixth row, second option from the left).In the Transparency box, enter 40%.Select the last stop in the slider, and then do the following: In the Position box, enter 100%.Click the button next to Color, and then under Theme Colors click Black, Text 1, Lighter 5%(sixth row, second option from the left).In the Transparency box, enter 10%.Select the rectangle. On the Home tab, in the Drawing group, click Arrange, point to Align, and then do the following:Click Align Middle.Click Align Center. To reproduce the shape effects on this slide, do the following:On the Insert tab, in the Illustrations group, click Shapes, and then under Lines, click Freeform (11th option from the left).On the slide, click points to trace an outline around a shape on the background picture (in the example above, one of the flower petals). Right-click the freeform shape and click Edit Points. To make the freeform shape more similar to the shape on the picture, right-click a place to include another point, and click AddPoints. Drag the new point to follow the contour of the shape on the picture. To outline rounded edges of the shape on the picture, right-click a straight line segment, and click Curved Segment.Select the freeform shape. On the Home tab, in the bottom right corner of the Drawing group, click the Format Shape dialog box launcher. In the Format Shape dialog box, click Line Color in the left pane, and then in the Line Color pane, select No line. Also in the Format Shape dialog box, click Fill in the left pane, and then in the Fill pane, select Slide background fill. Repeat the process in steps 1-5to create six full-color shapes on the slide (in the example above, six flower petals from the same flower). To reproduce the animation effects on this slide, do the following:On the slide, select the rectangle. On the Animations tab, in the Advanced Animation group, click Add Animation, and then under Entrance click Fade.Also on theAnimations tab, in the Timing group, do the following:In theStartlist, select After Previous.In the Duration box, enter 2.00 seconds.On the slide, select one of the freeform shapes. On the Animations tab, in the Advanced Animation group, click Add Animation, and then under Emphasis click Spin.Also on the Animations tab, in the Timing group, do the following:In the Start list, select With Previous. In the Duration box, enter 2.00 seconds. On the Animations tab, in the Advanced Animation group, click Add Animation, and then under Emphasis click Grow/Shrink.Also on the Animations tab, in the Timing group, do the following:In the Start list, select With Previous. In the Duration box, enter 2.00 seconds. On the Animations tab, in the AdvancedAnimation group, click AddAnimation, and then click More Motion Paths. In the Add Motion Path dialog box, under Lines & Curves, click S Curve 1.Also on the Animations tab, in the Timing group, do the following:In the Start list, select With Previous. In the Duration box, enter 2.00 seconds. On the slide, select the S curve motion path. Point to the endpoint (red arrow) of the selected right motion path until the cursor becomes a two-headed arrow. Drag the endpoint off the right side of the slide.Right-click the motion path and select EditPoints, and then do the following:Right-click the middle point in the motion path animation and select SmoothPoint.Click the middle point. Drag one of the blue sizing lines until the curve in the motion path is smooth.On the slide, select the animated freeform shape. On the Animations tab, in the AdvancedAnimation group, click AnimationPainter, and then click one of the other freeform shapes. Repeat this process for each of the remaining freeform shapes.Also on the Animations tab, in the Advanced Animation group, click AnimationPane. In the Animation Pane, do the following to edit the animation effects:Select the second animation (first freeform shape spin effect). On the Animations tab, in the Animation group, click the EffectOptions dialog box launcher. In the Spin dialog box, do the following:On the Effect tab, in the Amount list, in the Custom box, enter 360⁰, and then press ENTER. Also in the Amount list, click Counterclockwise. On the Timing tab, in the Start list, select After Previous.Select the third animation (first freeform shape grow/shrink effect). On the Animations tab, in the Animation group, click the EffectOptions dialog box launcher. In the Grow/Shrink dialog box, do the following:On the Effect tab, in the Size list, in the Custom box, enter 40%, and then press ENTER. Also in the Size list, click Vertical. Select the fifth animation (second freeform shape spin effect). On the Animations tab, in the Animation group, click the EffectOptions dialog box launcher. In the Spin dialog box, do the following:On the Effect tab, in the Amount list, in the Custom box, enter 30⁰, and then press ENTER. Also in the Amount list, click Clockwise. On the Timing tab, in the Delay box, enter 0.1.Select the sixth animation (first freeform shape grow/shrink effect). On the Animations tab, in the Animation group, click the EffectOptions dialog box launcher. In the Grow/Shrink dialog box, do the following:On the Effect tab, in the Size list, in the Custom box, enter 40%, and then press ENTER. Also in the Size list, click Vertical. On the Timing tab, in the Delay box, enter 0.1.Select the seventh animation (first S-curve motion path effect). On the Animations tab, in the Timing group, in the Delay box, enter 0.1.Select the eighth animation (third freeform shape spin effect). On the Animations tab, in the Animation group, click the EffectOptions dialog box launcher. In the Spin dialog box, do the following:On the Effect tab, in the Amount list, in the Custom box, enter 40⁰, and then press ENTER. Also in the Amount list, click Clockwise. On the Timing tab, in the Delay box, enter 0.3.Select the ninth animation (third freeform shape grow/shrink effect). On the Animations tab, in the Animation group, click the EffectOptions dialog box launcher. In the Grow/Shrink dialog box, do the following:On the Effect tab, in the Size list, in the Custom box, enter 50%,and then press ENTER. Also in the Size list, click Horizontal. On the Timing tab, in the Delay box, enter 0.3.Select the 10th animation (first S-curve motion path effect). On the Animations tab, in the Timing group, in the Delay box, enter 0.3.Select the 11th animation (fourth freeform shape spin effect). On the Animations tab, in the Animation group, click the EffectOptions dialog box launcher. In the Spin dialog box, do the following:On the Effect tab, in the Amount list, in the Custom box, enter 90⁰, and then press ENTER. Also in the Amount list, click Counterclockwise. On the Timing tab, in the Delay box, enter 0.4.Select the 12th animation (fourth freeform shape grow/shrink effect). On the Animations tab, in the Animation group, click the EffectOptions dialog box launcher. In the Grow/Shrink dialog box, do the following:On the Effect tab, in the Size list, in the Custom box, enter 40%,and then press ENTER. Also in the Size list, click Vertical. On the Timing tab, in the Delay box, enter 0.4.Select the 13th animation (first S-curve motion path effect). On the Animations tab, in the Timing group, in the Delay box, enter 0.4.Select the 14th animation (fifth freeform shape spin effect). On the Animations tab, in the Animation group, click the EffectOptions dialog box launcher. In the Spin dialog box, do the following:On the Effect tab, in the Amount list, in the Custom box, enter 90⁰, and then press ENTER. Also in the Amount list, click Clockwise. On the Timing tab, in the Delay box, enter 0.5.Select the 15th animation (fifth freeform shape grow/shrink effect). On the Animations tab, in the Animation group, click the EffectOptions dialog box launcher. In the Grow/Shrink dialog box, do the following:On the Effect tab, in the Size list, in the Custom box, enter 50%,and then press ENTER. Also in the Size list, click Horizontal.On the Timing tab, in the Delay box, enter 0.5.Select the 16th animation (first S-curve motion path effect). On the Animations tab, in the Timing group, in the Delay box, enter 0.5.Select the 17th animation (sixth freeform shape spin effect). On the Animations tab, in the Animation group, click the EffectOptions dialog box launcher. In the Spin dialog box, do the following:On the Effect tab, in the Amount list, in the Custom box, enter 360⁰, and then press ENTER. Also in the Amount list, click Clockwise. On the Timing tab, in the Delay box, enter 0.6.Select the 18th animation (sixth freeform shape grow/shrink effect). On the Animations tab, in the Animation group, click the EffectOptions dialog box launcher. In the Grow/Shrink dialog box, do the following:On the Effect tab, in the Size list, in the Custom box, enter 50%,and then press ENTER. Also in the Size list, click Horizontal.On the Timing tab, in the Delay box, enter 0.6.Select the 19th animation (first S-curve motion path effect). On the Animations tab, in the Timing group, in the Delay box, enter 0.6.
