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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 $30.77, 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 $30.77, and the front-end load is 1.6 percent.

1. What is the NAV? (Round your answer to 2 decimal places)

2. If there are 28.4 million shares outstanding, what is the current market value of assets owned by the fund?

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