Assume That You Have Just Purchased Some Shares in an Investment

question 28

Multiple Choice

Assume that you have just purchased some shares in an investment company reporting $500 million in assets,$50 million in liabilities,and 50 million shares outstanding.What is the Net Asset Value (NAV) of these shares?

• A) $12.00
• B) $9.00
• C) $10.00
• D) $1.00

---

Definitions:

Damages

Monetary compensation that a party is ordered to pay to another for harm or injury.

Negotiable Instrument

A written promise to pay a specified sum of money, payable either on demand or at a specific future date, with the document listing the name of the person who will make the payment.

Unconditional Promise

A commitment or guarantee without any stipulations or requirements that the promisor must fulfill.

Agreement

A mutual understanding or arrangement between two or more parties, often formalized by a contract.