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The share price of a mutual fund, called the Net Asset Value (NAV) is calculated by dividing the total market value of the fund minus

The share price of a mutual fund, called the Net Asset Value (NAV) is calculated

by dividing the total market value of the fund minus expenses by the total number of shares outstanding.

by dividing the total number of shares outstanding by the total market value of the fund minus expenses.

by taking the previous day's NAV and multiplying it by the percentage change in the value of the NYSE.

None of the above.

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