FIN MCQ
FIN 332
Assume that you have recently purchased 10,000 shares in an investment company that is reporting $15 million in assets, $5 million in liabilities, and has 100,000 shares outstanding. What is the value of your investment?
Assume that you have recently purchased 10,000 shares in an investment company that is reporting $15 million in assets, $5 million in liabilities, and has 100,000 shares outstanding. What is the value of your investment?
Assume that you have recently purchased 10,000 shares in an investment company that is reporting $15 million in assets, $5 million in liabilities, and has 100,000 shares outstanding. What is the value of your investment?
A) $1.5 million
B) $1 million
C) $500,000
D) $100,000
Answer: B
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