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Consider a mutual fund that manages a portfolio of securities worth 120 million. Suppose the fund owes 4 million to its investment advisors and owes

Consider a mutual fund that manages a portfolio of securities worth 120 million. Suppose the fund owes 4 million to its investment advisors and owes another 1 million for rent, wages, due etc. The fund has 5.75 million shares. Calculate NAV.

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