Question: Calculate the net asset value (NAV) for a mutual fund with the following values: Market value of securities held in the portfolio = $1.2 billion

Calculate the net asset value (NAV) for a mutual fund with the following values: Market value of securities held in the portfolio = $1.2 billion Liabilities of the fund = $49 million Shares outstanding = 55 million The net asset value (NAV) per share is $nothing . (Round to the nearest cent.)

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