Assume that you have recently purchased 100 shares in an investment company.Upon examining the balance sheet,you note the firm is reporting $225 million in assets,$30 million in liabilities,and 10 million shares outstanding.What is the Net Asset Value (NAV) of these shares?
A) $25.50
B) $22.50
C) $19.50
D) $1.95
Correct Answer:
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