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Sunshine Investment Corporation is a mutual fund with 5 million outstanding shares. The assets of the company include $100 million worth of investments and $10
Sunshine Investment Corporation is a mutual fund with 5 million outstanding shares. The assets of the company include $100 million worth of investments and $10 million in cash. Also, it holds $30 million in short-term liabilities and $10 million in long-term liabilities. Using the given information, he Net Asset Value Per Share (NAVPS) is _____.
Group of answer choices
$8
$30
$22
$14
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