You examine the balance sheet of a mutual fund and find that its year-end assets...
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You examine the balance sheet of a mutual fund and find that its year-end assets are 500 milion. it. paid the managers 7 million, had rent and miscellaneous costs totaling 3.5 million, and spent 3.25 million on advertising. The fund has 8.25 million shares outstanding. What is the fund's NAV per share? 58.94 66.81 61,92 70.85 65.72
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