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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 $15.78, and the front-end load

The Emerging Growth and Equity Fund is a low-load fund. The current offer price quotation for this mutual fund is $15.78, and the front-end load is 1.25 percent.

1.What is the NAV?

2.	If there are 20 million shares outstanding, what is the current market value of assets owned by the fund?

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