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Assume that you have just purchased some shares in an investment company reporting $500 million in assets, $50 million in liabilities, and 50 million shares outstanding. What is the net asset value (NAV) of these sharesA. $12B. $9C. $10D. $1

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hyderali230

Answer:

B. $9

Explanation:

Value of Asset = $500 million

Value of Liabilities = $50 million

Number of shares = 50 million

Net Asset value = Total Asset value - Total Liabilities value

Net Asset value = 500 million - 50 million

Net Asset value = 450 million

Net Asset value per share = Net Asset value / Number of Shares

Net Asset value per share = 450 million / 50 million

Net Asset value per share = $9 / share