Assume That You Have Recently Purchased 100 Shares in an Investment

question 20

Multiple Choice

Assume that you have recently purchased 100 shares in an investment company. Upon examining the balance sheet, you note that the firm is reporting $225 million in assets, $30 million in liabilities, and 10 million shares outstanding. What is the net asset value (NAV) of these shares?

• A) $25.50
• B) $22.50
• C) $19.50
• D) $1.95