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Consider a mutual fund that manages a portfolio securities worth $245 MM. Suppose the fund owes $5 MM to its investment advisers and owes another
Consider a mutual fund that manages a portfolio securities worth $245 MM. Suppose the fund owes $5 MM to its investment advisers and owes another $3 MM for rent, wages due, and other expenses. The fund has 8 MM shares. Then the net asset value (per share) is _______________. (Note: Round to the nearest integer. For examle, 101.5 => 102)
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