Growth and Equity Fund
Question
The Emerging Growth and Equity Fund is a “low-load” fund. The current offer price quotation for this mutual
fund is $21.97, and the front-end load is 1.6 percent.
| 1. | What is the NAV? (Round your answer to 2 decimal places. Omit the “$” sign in your response.) |
| Net asset value | $ |
| 2. | If there are 21.1 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.)Top Answer |
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