Multiple Choice
A mutual fund has $840 million in assets and $40,000 in liabilities. There are 35 million shares outstanding. The fund charges a 5% front-end load. What is the offering price of the fund?
A) $24.00
B) $23.91
C) $28.97
D) $19.18
E) $25.26
Correct Answer:
Verified
Correct Answer:
Verified
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