Suppose that the current value of all of a mutual fund's holdings is determined to be $650 million. The fund's liabilities are $112 million and it grew at 20% from last year. It currently has 35 million shares outstanding. What is the fund's NAV? $40.34 $15.37 $9.06 $32.45

Suppose that the current value of all of a mutual fund's holdings is determined to be $650 million. The fund's liabilities are $112 million and it grew at 20% from last year. It currently has 35 million shares outstanding. What is the fund's NAV? $40.34 $15.37 $9.06 $32.45