The net asset value per share for Global Stock Fund at the beginning of one recent year was $25.07. During the year, the fund earned $20.04 in net investment income and $1.82 in net gains or losses on securities. It distributed $0.03 in dividends and $0.02 in capital gains. The fund also has $10.2 liabilities to pay. What was the NAV for this fund at the end of the year?

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