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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 $16.20, 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 $16.20, and the front-end load is 1.8 percent.

A.) What is the NAV?

B.) If there are 23.1 million shares outstanding, what is the current market value of assets owned by the fund?

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