In: Finance
Assume that you have just purchased some shares in an investment company reporting $550 million in assets, $100 million in liabilities, and 60 million shares outstanding. The net asset value (NAV) of these shares is $ .
Net asset value of shares =( Assets - Liabilities)/ no of shares outstanding
Assets =$550 million
Liabilities =$100 million
Shares outstanding = 60 million shares
Net asset value of shares = ($550 million - $100 million)/60 million shares
=$7.5 million