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The Emerging Growth and Equity Fund is a "low-load" fund. The current offer price quotation...

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Finance

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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 $16.20, and the front-end load is 1.8 percent. a. What is the NAV? (Round your answer to 2 decimal places.) Answer is complete and correct. \begin{tabular}{|l|l|} \hline Net asset value & $15.910 \\ \hline \end{tabular} b. If there are 23.1 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.) An open-end mutual fund has the following stocks: The fund has 67,000 shares and liabilities of $225,000. What is the NAV of the fund? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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