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Assume that you have just purchased some shares in an investment company reporting $ 5 0 0 million in assets, $ 2 0 million in

Assume that you have just purchased some shares in an investment company reporting $500 million in assets, $20 million in liabilities, and 40 million shares outstanding. What is the Net Asset Value (NAV) of these shares? $15.4599.33 $1.50 $12.00
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