An open-end mutual fund has the following stocks: SumatraPDF…
An open-end mutual fund has the following stocks: SumatraPDF_IMCBJUk9pb.png Suppose the fund has liabilities of $145,000. Assume that there are 60,000 shares of the mutual fund and the fund is sold with a 5.75 percent front-end load. What are the a) per-share NAV and b) offering price of the fund?