Question: Calculate the net asset value (NAV) for a mutual fund with the following values: Market value of securities held in the portfolio = $2.9 billion

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

Market value of securities held in the portfolio = $2.9 billion

Liabilities of the fund = $93 million

Shares outstanding = 150 million

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

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