1. Net asset value (NAV) is the total value of all the assets in the mutual fund...

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1. Net asset value (NAV) is the total value of all the assets in the mutual fund minus liabilities, divided by the number of shares outstanding. What is the NAV of a mutual fund with assets minus liabilities totaling

$150 million and with 3,750,000 shares outstanding?

(LO 12-1)

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Asim farooq

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