Given the following information, calculate the net asset value for the Boston Equity mutual fund.

Total assets.....................................$764 million
Total liabilities.......................................4 million
Total number of shares.....................19 million

The net asset value per share is equal to the current market value of the mutual fund’s portfolio minus the mutual fund’s liabilities divided by the number of shares outstanding. For the above information, the net asset value is $46.40 as calculated below.