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Problem 4-8 The offering price of an open-end fund is $12.60 per share and the fund is sold with a front-end load of 3%. What

Problem 4-8 The offering price of an open-end fund is $12.60 per share and the fund is sold with a front-end load of 3%. What is its net asset value? (Round your answer to 2 decimal places.) Net asset value

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