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An open-end mutual fund has the following stocks: The fund has 55,000 shares and liabilities of $156,000. Assume the fund is soid with a front-end

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An open-end mutual fund has the following stocks: The fund has 55,000 shares and liabilities of $156,000. Assume the fund is soid with a front-end load of 3.5 percent. What is the offering price of the fund? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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