Question: Calculate the net asset value (NAV) for a mutual fund with the following values: Market value of securities held in the portfolio = $5.4 billion

Calculate the net asset value (NAV) for a mutual fund with the following values:

Market value of securities held in the portfolio

 = $5.4 billion

Liabilities of the fund

= $166 million

Shares outstanding

 = $253 million

The net asset value (NAV) per share is $____ (Round to the nearest cent.)

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