Assume that you have recently purchased 250 shares in an investment company. Upon examining the balance sheet, you note that the firm is reporting $320 million in assets, $60 million in liabilities, and 25 million shares outstanding. What is the net asset value (NAV) of these shares

$10.4

Explanation:

250 shares was recently purchased in an investment company

The firm is reporting $320 million in assets

$60 million in liabilities

25 million shares outstanding

Therefore, the net asset value(NAV) of the shares can be calculated as follows

NAV = $320 million-$60 million/25 million shares

= 260/25

= $10.4

Hence the net asset value is $10.4

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