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Assume that you have recently purchased 160 shares in an investment company. Upon examining the balance sheet, you note that the firm is reporting $250
Assume that you have recently purchased 160 shares in an investment company. Upon examining the balance sheet, you note that the firm is reporting $250 million in assets, $50 million in liabilities, and 16 million shares outstanding. What is the net asset value (NAV) of these shares?
a) 12.50
b) 1.25
c) 14.28
d) 18.75
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