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Q4 Calculate the NAV for a mutual fund with the following values: Market value of securities held in the portfolio = $3.1 billion Liabilities of

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Calculate the NAV for a mutual fund with the following values: Market value of securities held in the portfolio = $3.1 billion Liabilities of the fund = $105 million Shares outstanding = 172 million The NAV per share is $1. (Round to the nearest cent.)

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