Most mutual funds invest money in hundreds of stocks, bonds, short-term securities, or other securities and assets; then, shares of the funds themselves are sold to individual investors. To understand how the value of a mutual fund's share is calculated based on the values of the assets it holds, consider the following simplified example of a mutual fund that owns shares of only four different stodes. You can see from the table that the market value of the fund's assets is If the fund has $15,934.13 in liabilites and 5,000 shares outstanding, the net asset value (NAV) of a share in this mutual fund is