ABC Fund has 9 million shares outstanding. The funds portfolio is now valued at $300 million, and
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ABC Fund has 9 million shares outstanding. The fund’s portfolio is now valued at $300 million, and the fund owes $18 million to the fund advisors and $5 million for rent and wages. What is the net asset value of the fund?
(a) $30.78
(b) $31.33
(c) $33.00
(d) $34.78
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