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At the time of her death, A owned 1,000 shares of a mutual fund that had a bid (sale) price of $20 and an ask

At the time of her death, A owned 1,000 shares of a mutual fund that had a "bid" (sale) price of $20 and an "ask" (purchase) price of $22. If this is an "open end" fund (a fund that continually takes in capital to make investments, and redeems shares of those who wish to sell them), what is the value of the shares for estate tax purposes? Does it make any difference whether the fund expressly applies a "load" (commission) when shares are purchased?

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