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Posted on Oct 03, 2024

Assume that you have just purchased some shares in an investment company reporting $550 million in assets, $50 million in liabilities, and 50 million shares

Assume that you have just purchased some shares in an investment company reporting $550 million in assets, $50 million in liabilities, and 50 million shares outstanding. What is the net asset value (NAV) of these shares?

$12

$10

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