Question: The IS Fund is a low-load fund. The current offer price quotation for this mutual fund is $29.24, and the front-end load is 1.8 percent.

The IS Fund is a "low-load" fund. The current offer price quotation for this mutual fund is $29.24, and the front-end load is 1.8 percent. If there are 23.8 million shares outstanding, what is the current market value of assets owned by the fund? Enter your answers in dollars not in millions, e.g., 1,234,567

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