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Calculate the net asset value (NAV) for a mutual fund with the following values: Market value of securities held in the portfolio = $5.4 billion

Calculate the net asset value (NAV) for a mutual fund with the following values:

Market value of securities held in the portfolio	= $5.4 billion
Liabilities of the fund	= $166 million
Shares outstanding	= $253 million

The net asset value (NAV) per share is $____ (Round to the nearest cent.)

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