The Emerging Growth and Equity Fund is a âlow-loadâ fund. The current offer price quotation for this mutual fund is $21.47, and the front-end load is 1.4 percent. 1. What is the NAV? (Round your answer to 2 decimal places. Omit the "$" sign in your response.) Net asset value $ 2. If there are 15.3 million shares outstanding, what is the current market value of assets owned by the fund? (Do not round intermediate calculations and round market value answer to the nearest whole dollar. Omit the "$" sign in your response.) Market value of assets $
The Emerging Growth and Equity Fund is a âlow-loadâ fund. The current offer price quotation for this mutual fund is $21.47, and the front-end load is 1.4 percent. 1. What is the NAV? (Round your answer to 2 decimal places. Omit the "$" sign in your response.) Net asset value $ 2. If there are 15.3 million shares outstanding, what is the current market value of assets owned by the fund? (Do not round intermediate calculations and round market value answer to the nearest whole dollar. Omit the "$" sign in your response.) Market value of assets $
Related questions
| An open-end mutual fund has the following stocks: |
| Stock | Shares | Stock Price |
| A | 13,500 | $83 |
| B | 33,000 | 16 |
| C | 20,000 | 59 |
| D | 71,000 | 21 |
| There are 65,000 shares of the mutual fund, and liabilities of $215,000. What is the NAV of the fund? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.) |
| Net asset value | $ |
