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An open-end mutual fund has the following stocks: Stock . B C D Shares 11,500 32,000 3,500 64,000 Stock Price $ 87 16 70 11
An open-end mutual fund has the following stocks: Stock . B C D Shares 11,500 32,000 3,500 64,000 Stock Price $ 87 16 70 11 The fund has 47,000 shares and liabilities of $171,000. Assume the fund is sold with a front-end load of 3.75 percent. What is the offering price of the fund? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Offering price
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