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Assume that you have recently purchased 150 shares in an investment company. Upon examining the balance sheet, you note that the firm is reporting $210

Assume that you have recently purchased 150 shares in an investment company. Upon examining the balance sheet, you note that the firm is reporting $210 million in assets, $75 million in liabilities, and 15 million shares outstanding. What is the net asset value (NAV) of these shares?

$19.00

$10.90

$9.00

$.90

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