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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
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, $50 million in liabilities, and 10 million shares outstanding. What is the net asset value (NAV) of these shares?
Select one:
A. $25.50
B. $22.50
C. $1.95
D. $15.00
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