Final answer:
The offering price for a mutual fund with a NAVPU of $15.00 and a 2% back end load is $15.00 since back end loads are fees paid upon selling, not at purchase.
Step-by-step explanation:
The student is asking about how to determine the offering price for a mutual fund given its Net Asset Value Per Unit (NAVPU) and an associated back end load fee. To calculate the offering price, you would start with the NAVPU of $15.00 and adjust it for the back end load fee. A back end load is a fee that investors pay when they sell shares, not when they buy. Therefore, the offering price in this case would actually be the same as the NAVPU, which is $15.00 since the back end load applies when selling, not buying.