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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
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. a. What is the NAV? Note: Round your answer to 2 decimal places. Net asset value b. If there are 20 million shares outstanding, what is the current market value of assets owned by the fund? Note: Do not round intermediate calculations. Round your answer to the nearest whole number. Market value of assets
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Finance for Non Financial Managers
Authors: Pierre Bergeron
7th edition
176530835, 978-0176530839
