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The Magnum Fund has assets with a market value of $544,000 and 18,000 shares outstanding. If the front-end load is 7%, what is the offering

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The Magnum Fund has assets with a market value of $544,000 and 18,000 shares outstanding. If the front-end load is 7%, what is the offering price? Round your answer to 2 decimal places. (An answer of $1,000.12 would be entered as 1,000.12)

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