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How is the price per share of an open - ended mutual fund determined? Number of outstanding shares divided by the net value of the

How is the price per share of an open $-$ ended mutual fund determined?

Number of outstanding shares divided by the net value of the fund's total assets

Average value of the fund's total assets divided by the number of outstanding shares

Net value of the fund's total assets less any liabilities divided by the number of outstanding shares

Net value of the fund's total assets divided by the number of outstanding shares

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