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The World Income Appreciation Fund has current assets with a market value of $6.6 billion and...

The World Income Appreciation Fund has current assets with a market value of $6.6 billion and has 155 million shares outstanding. What is the net asset value (NAV) for this mutual fund? (Round your answer to 2 decimal places.)

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Answer #1

Net asset value = market value of asset/ number of share o/s

                           = 6,600,000,000/ 155,000,000

                           = 42.58

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