Assume that you have just purchased some shares in an investment company reporting $570 million in assets, $24 millon in liabilities, and 36 millionshares outstanding. What is the Net Asset Value (NAV) of these shares?Multiple Cholce$22.25$9.58$1.50$1517

NAV=Assets- liabilities/Number of shares

Answered: Multiple Cholce $22.25 $9.58

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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