Calculate the NAVPS for a mutual fund with the following values: Market value of securities in the

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Calculate the NAVPS for a mutual fund with the following values:

Market value of securities in the portfolio ..................... $1.2 billion
Liabilities of the fund ............................................................. $37 million
Shares outstanding ................................................................... 60 million

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Personal Finance

ISBN: 978-0134724713

4th Canadian edition

Authors: Jeff Madura, Hardeep Singh Gill

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