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

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