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Suppose a mutual fund has 10 million shares outstanding, assets with a total value of $25 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 $25 million, of which $500,000 is cash, and fund liabilities of $500,000. What is the current NAV per share? A $3.05 B. $2.45 C. $2.95 D. $2.55

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