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 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
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 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
Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
7th Edition
ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter13: Investing In Mutual Funds, Etfs, And Real Estate
Section: Chapter Questions
Problem 2FPE
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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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc269c342-1221-4ad0-9c5b-99806e99f827%2Fa152d96a-f984-4685-aa50-4e0f513d8b62%2F54g8d5n_processed.jpeg&w=3840&q=75)
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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