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The offering price of an open-end fund is $12.30 per share and the fund is sold with a front-end load of 5%. What is its

The offering price of an open-end fund is $12.30 per share and the fund is sold with a front-end load of 5%. What is its net asset value? (Round your answer to 2 decimal places. Omit the sign in your response.) Net asset value $

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