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11. You are given the following information: New Empire Small Cap Fund Total assets $760 million Total liabilities $ 30 million Total number of shares

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11. You are given the following information: New Empire Small Cap Fund Total assets $760 million Total liabilities $ 30 million Total number of shares 50 million Calculate the net asset value for the New Empire small-cap mutual fund. (Round your answer to 2 decimal places.)

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