1. An open-end fund has a net asset value of $16.30 per share. It is sold with a front-end load of 4%. What is the offering price? (Round your answer to 2 decimal places. Omit the "$" sign in your response.)
2. You will recieve 1000 in 10 years, if your opportunity cost is 6% annually, what is the present value of this amount if interest is compounded semi annually? what is the EAR? please show work.