Answer:
$11.38
Explanation:
For this specific asset, it can be calculated that the offering price is $11.38 . That is because the offering price includes a 6% front-end load, this means that for every dollar that is paid only $0.94 actually goes to the purchase of the share. Therefore we can do the following calculations ...
$10.07 / (1 - 0.06) = $11.38
Making the final offering price $11.38
