Answer :
The offering price is $11.7 .
The offering price includes a 6% front-end load, or sales commission, meaning that every dollar paid results in only $0.95 going toward the purchase of shares.
Therefore:
Offering Price = NAV/1-load = 11.20/1-0.05 = $11.7
An offering price refers to the rate of a inventory set by means of an investment financial institution in the course of the IPO system. An supplying rate is primarily based on the organization's valid possibilities and set at a level with a view to attract interest from the overall investing public.
The POP / Public imparting fee is the fee an investor ought to pay to purchase mutual fund shares. The POP is the sum of the internet asset cost and the income rate an investor should pay to make investments.. The components for determining the POP is NAV + SC = POP.
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