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An open-end mutual fund has the following stocks: Stock Stock Price $ 93 Shares 8,500 33,000 6,000 76,000 80 D 13 The fund has 54,000
An open-end mutual fund has the following stocks: Stock Stock Price $ 93 Shares 8,500 33,000 6,000 76,000 80 D 13 The fund has 54,000 shares and liabilities of $145,000. Assume the fund is sold with a front-end load of 5.75 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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