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An open-end mutual fund has the following stocks: Stock Shares Stock Price A 15,500 $79 B 33,000 16 C 15,000 81 D 85,000 13 If
An open-end mutual fund has the following stocks: |
Stock | Shares | Stock Price |
A | 15,500 | $79 |
B | 33,000 | 16 |
C | 15,000 | 81 |
D | 85,000 | 13 |
If there are 57,000 shares of the mutual fund, and liabilities of $320,000. Assume the fund is sold with a 1.3 percent front-end load. What is the offering price of the fund? (Round your answer to 2 decimal places. Omit the "$" sign in your response.)
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