Final answer:
The Net Asset Value (NAV) per share of the mutual fund is $2.98 option d.
Step-by-step explanation:
The Net Asset Value (NAV) per share of a mutual fund is calculated by dividing the total value of the fund's assets minus the liabilities by the number of shares outstanding. In this case, the total value of the assets is $30 million, and the liabilities are $200,000. Therefore, the net value of the assets is $29.8 million ($30 million - $200,000).
Since there are 10 million shares outstanding, the current NAV per share would be $2.98 ($29.8 million / 10 million shares).
Therefore, the correct answer is d) $2.98.