Question: Calculate the net asset value (NAV) for a mutual fund with the following values: Market value of securities held in the portfolio = $3.4 billion

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

Market value of securities held in the portfolio

 =

$3.4

billion

Liabilities of the fund

=

$114

million

Shares outstanding

 =

171

million

The net asset value (NAV) per share is

$nothing.

(Round to the nearest cent.)

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