A mutual fund has an offer price of $63.54 and a front-end load of 4.5 percent. If there are 8.5 millions shares outstanding, what are the total assets of the fund assuming the fund has no liabilities?
A) $540,090,000
B) $565,505,000
C) $527,360,000
D) $515,780,000
E) $508,200,000
Correct Answer:
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