summertoson94 summertoson94
  • 20-10-2022
  • Business
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Assume that you have recently purchased 160 shares in an investment company. Upon examining the balance sheet, you note that the firm is reporting $250 million in assets, $50 million in liabilities, and 16 million shares outstanding. What is the net asset value (NAV) of these shares?

a) 12.50

b) 1.25

c) 14.28

d) 18.75

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