Assume that you have just purchased some shares in an investment company reporting $975 million in assets, $75 million in liabilities, and 75 million shares outstanding. What is the net asset value (NAV) of these shares?     $14     $1     $12     $13

Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter14: Distributions To Shareholders: Dividends And Repurchases
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Assume that you have just purchased some shares in an investment company reporting $975 million in assets, $75 million in liabilities, and 75 million shares outstanding. What is the net asset value (NAV) of these shares?

   

$14

   

$1

   

$12

   

$13

 

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