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An open-end mutual fund has the following stocks: Stock Price $ 78 Stock B D Shares 16,000 31,000 9,000 71,000 30 55 14 The fund
An open-end mutual fund has the following stocks: Stock Price $ 78 Stock B D Shares 16,000 31,000 9,000 71,000 30 55 14 The fund has 49,000 shares and liabilities of $147,000. Assume the fund is sold with a front-end load of 5.5 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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