Assume that you have just purchased some shares in an investment company reporting $500 million in assets, $50 million in liabilities, and 50 million shares outstanding. What is the net asset value (NAV) of these shares?

A) $12
B) $9
C) $10
D) $1

Net Asset Value

The total value of a fund's assets minus its liabilities, often used in the context of mutual funds to determine each share's price.

Investment Company

A corporation or trust engaged in the business of investing the pooled capital of investors in financial securities, such as stocks, bonds, and other assets.

Liabilities

Financial obligations or debts that a company owes to others, which must be paid back in the future.