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Assume that you have just purchased some shares in an investment company reporting $675 million in assets, $45 million in liabilities, and 45 million shares

Assume that you have just purchased some shares in an investment company reporting $675 million in assets, $45 million in liabilities, and 45 million shares outstanding. What is the net asset value (NAV) of these shares?

Multiple Choice : $16 $14 $15 $1

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