The emerging growth and equity fund is a ldquolow-loadrdquo, Ask an Expert

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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 $19.7, and the front-end load is 1.25 percent. A. What is the net asset value? B. If there are 18.8 million shares outstanding, what is the current market value of assets owned by the fund?

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