An open-end mutual fund has the following stocks: Stock Shares Stock Price A 9,500 $ 91 B 32,000 20 C 7,500 D 75,000 77 15 The fund has 52,000 shares and liabilities of $184,000. Assume the fund is sold with a front-end load of 2.5 percent. What is the offering price of the fund? Note: Do not round intermediate calculations. Round your answer to 2 decimal places.

An open-end mutual fund has the following stocks: Stock Shares Stock Price A 9,500 $ 91 B 32,000 20 C 7,500 D 75,000 77 15 The fund has 52,000 shares and liabilities of $184,000. Assume the fund is sold with a front-end load of 2.5 percent. What is the offering price of the fund? Note: Do not round intermediate calculations. Round your answer to 2 decimal places.

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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From the following mutual fund quotation, complete the blanks: (Negative amounts should be indicated by a minus sign. Round the "NAV" and the "NAV change" to the nearest cent and the "Total return" to the nearest hundredth percent.) TOTAL RETURN Inv. obj. NAV NAV chg. YTD 4 wks. 1 yr. EuGr ITL 12.65 -0.05 +9.9 +0.97 +11.25 NAV NAV change Total return, 1 year ( Prev 11 of 18 Next > ...... .....I 96