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Assume that you have just purchased some shares in an investment company reporting $935 million in assets, $55 million in liabilities, and 55 million shares

Assume that you have just purchased some shares in an investment company reporting $935 million in assets, $55 million in liabilities, and 55 million shares outstanding. What is the net asset value (NAV) of these shares?

$18

$16

$17

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