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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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