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Suppose a mutual fund has $250 million in assets and $7 million in portfolio liabilities. If the mutual fund has 22.750 million shares outstanding, what

Suppose a mutual fund has $250 million in assets and $7 million in portfolio liabilities. If the mutual fund has 22.750 million shares outstanding, what is the NAV of the mutual fund?

A. $11.30

B. $10.99

C. $10.83

D. $10.68

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