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Problem 4-7 An open-end fund has a net asset value of $11.50 per share. It is sold with a front-end load of 5%. What is

Problem 4-7 An open-end fund has a net asset value of $11.50 per share. It is sold with a front-end load of 5%. What is the offering price? (Round your answer to 2 decimal places.) Offering price

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