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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 $21.72, 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 $21.72, and the front-end load is 1 percent. What is the NAV? (Round your answer to 2 decimal places. Omit the "$" sign in your 1. response.) Net asset value $ 2. If there are 177 million shares outstanding, what is the current market value of assets owned by the fund? (Omit the "$" sign in your response.) Market value of assets $

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