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The Emerging Growth and Equity Fund is a low-load fund. The current offer price quotation for this mutual fund is $18.36, and the front-end load

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The Emerging Growth and Equity Fund is a "low-load" fund. The current offer price quotation for this mutual fund is $18.36, and the front-end load is 1.25 percent. 1. What is the NAV? (Round your answer to 2 declmel pleces. Omlt the "\$\$g" slan your response.) 2. If there are 24 million shares outstanding. what is the current market value of assets owned by the fund? (Omlt the "S" slgn In your response.)

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