Assume that you have invested $500,000 to purchase shares in a hedge fund reporting $800 million in assets, $100 million in liabilities, and 70 million shares outstanding. Your initial lockout period is 3 years.
If the share price after 3 years increases to $15.28, what is the value of your investment?
A) $553,600
B) $625,000
C) $733,800
D) $764,000
Correct Answer:
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