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Suppose a mutual fund has 10 million shares outstanding, assets with a total value of $26 million, of which $500,000 is cash, and fund liabilities

Suppose a mutual fund has 10 million shares outstanding, assets with a total value of $26 million, of which $500,000 is cash, and fund liabilities of $500,000. What is the current NAV per share? A $2.95 B. $3.05 $2.55 D. $2.45

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