An open-end mutual fund has the following stocks: Stock Shares Stock Price A 12,500 $ 85 B

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An open-end mutual fund has the following stocks:

Stock	Shares	Stock Price
A	12,500	$	85
B	32,000		14
C	3,500		67
D	79,000		11

The fund has 51,000 shares and liabilities of $128,000. Assume the fund is sold with a front-end load of 3.5 percent. What is the offering price of the fund? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Related Book For answer-question

Fundamentals of Investments Valuation and Management

ISBN: 978-0077283292

5th edition

Authors: Bradford D. Jordan, Thomas W. Miller

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Posted Date: Feb 26, 2024 07:28 AM

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An open-end mutual fund has the following stocks: Stock Shares Stock Price A 12,500 $ 85 B

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To calculate the offering price of the mutual fund we need to consider the value of the stocks held ... View the full answer

Fundamentals of Investments Valuation and Management

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