An investment company with assets of $100 million and liabilities of $10 million would have an NAV of
A) $110 million
B) $100 million
C) $90 million
D) $10 million
Answer: C
An investment company with assets of $100 million and liabilities of $10 million would have an NAV of
A) $110 million
B) $100 million
C) $90 million
D) $10 million
Answer: C