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An open-end mutual fund has the following stocks: If there are 56,000 shares of the mutual fund, and liabilities of $170,000. Assume the fund is
An open-end mutual fund has the following stocks: If there are 56,000 shares of the mutual fund, and liabilities of $170,000. Assume the fund is sold with a 3.5 percent front-end load. What is the offering price of the fund? (Round your answer to 2 declmal pleces. Omit the " \( \$ " \)quot; slgn ln your response.)
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