Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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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 1.95 percent.
a. What is the NAV? (Round your answer to 2 decimal places.)
Net asset value
dived
b. If there are 18.7 million shares outstanding, what is the current market value of assets owned by the fund? (Do not round
intermediate calculations. Round your answer to the nearest whole number.)
Market value of assets
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Transcribed Image Text: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 1.95 percent. a. What is the NAV? (Round your answer to 2 decimal places.) Net asset value dived b. If there are 18.7 million shares outstanding, what is the current market value of assets owned by the fund? (Do not round intermediate calculations. Round your answer to the nearest whole number.) Market value of assets
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