Assume that you have recently purchased 100 shares in an investment company. Upon examining the balance sheet, you note that the firm is reporting $290 million in assets, $30 million in liabilities, and 10 million shares outstanding. What is the net asset value (NAV) of these shares?

Answer rating: 100% (QA)

To calculate the net asset value NAV per shareyoull need to divide the firms total as... View the full answer