The First United mutual fund has total assets of $45,500,000 and liabilities of $1,600,000. There are 14,200,000 shares outstanding. What is the net asset value of the fund? (Round to the nearest cent)

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The Answer of The First United mutual fund has total assets of $45,500,000 and liabilities of $1,600,000. There are 14,200,000 shares outstanding. What is the net asset value of the fund? (Round to the nearest cent)

The First United Mutual Fund Has Total Assets of $45,500,000