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Assume that you have just purchased some shares in an investment company reporting $550 million in...

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 $ .

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Expert Solution

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

jeff jeffy answered 2 years ago
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