The European Growth Fund has $820 million in assets and $76,000 in liabilities.There are 30.5 million shares outstanding.The fund charges a 4.4 percent front-end load.What is the offering price?

Name: The European Growth Fund has $820 million in assets and $76,000 in liabilities.There are 30.5 million shares outstanding.The fund charges a 4.4 percent front-end load.What is the offering price?
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Offering price = [($820,000,000 - $76,000)/30,500,000]/(1 - 0.044) = $28.12

The European Growth Fund Has $820 Million in Assets and $76,000