if the offering price of an open-end fund is $12.30 per share and the fund is sold with a front-end load of 5%, what is its net asset value? (lo 4-3)

The net asset (NAV) value of the fund is $11.685.What is asset?In financial accounting, an asset is a resource owned or controlled by a company or  entity. It is anything that can be used to create positive economic value. An asset represents the value of an asset that can be converted into cash. An asset is anything that provides economic value and/or future benefits. Assets can often generate future cash flows. Machines, Financial Instruments, or Patents. Personal property includes homes, cars, investments, works of art, or household items. Unfortunately, your primary residence is not  an actual asset. It's because you live there and feel no gratitude. Your answer may change if you  plan to sell your home within a certain period of time.To learn more about asset from the given link :https://brainly.com/question/13848560#SPJ4