A mutual fund has a beginning balance of $100 million, earns interest of $10 million, receives dividends of $15 million, and has expenses of $5 million. Ten million shares are outstanding. Calculate the NAV.

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The Answer of A mutual fund has a beginning balance of $100 million, earns interest of $10 million, receives dividends of $15 million, and has expenses of $5 million. Ten million shares are outstanding. Calculate the NAV.

A Mutual Fund Has a Beginning Balance of $100 Million