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Cullumber Fund has 10.4 million shares outstanding. The fund's portfolio is now valued at $314 million and the fund owes $25.0 million to the fund

Cullumber Fund has 10.4 million shares outstanding. The fund's portfolio is now valued at $314 million and the fund owes $25.0 million to the fund advisors and $6.4 million for rent and wages. What is the net asset value of the fund?

$27.79

$29.58

$31.98

$27.17

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