3. Calculating NAV (LO2, CFA3) The Emerging Growth and Equity Fund is a low-load fund. The current...

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3. Calculating NAV (LO2, CFA3) The Emerging Growth and Equity Fund is a “low-load” fund.

The current offer price quotation for this mutual fund is $15.95, and the front-end load is 2.0 percent.

What is the NAV? If there are 19.2 million shares outstanding, what is the current market value of assets owned by the fund?

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Fundamentals Of Investments Valuation And Management

ISBN: 9781260013979

9th Edition

Authors: Bradford Jordan, Thomas Miller, Steve Dolvin

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Question Posted: Jul 24, 2024 05:03 AM

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3. Calculating NAV (LO2, CFA3) The Emerging Growth and Equity Fund is a low-load fund. The current...

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Fundamentals Of Investments Valuation And Management

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