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Calculate the NAV for a mutual fund with the following values: Market value of securities held in portfolio.=$1.2 billion Liabilities of the fund.=$37 million Shares

Calculate the NAV for a mutual fund with the following values:

Market value of securities held in portfolio.=$1.2 billion

Liabilities of the fund.=$37 million

Shares outstanding.$60 million

The NAV per share is$?

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