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1. A mutual fund has 3 million shares outstanding, The composition of its portfolio is: Stock B Shares 370,000 470,000 570,000 770,000 Price $ 35
1. A mutual fund has 3 million shares outstanding, The composition of its portfolio is: Stock B Shares 370,000 470,000 570,000 770,000 Price $ 35 40 10 15 D The fund has not borrowed any funds. Management fee with the portfolio manager = $30,000. a. What is the value of its assets? b. What is the net asset value of the fund? C. If the fund sells for $12 per share, what is its premium or discount as a percent of NAV? (Report the amount as a positive value then state whether it was sold at a premium or discount.) d. During the year the portfolio manager sells all of the holdings of stock D and replaces it with 100,000 shares of stock E at $70 per share and 35,000 shares of stock Fat $20 per share. What is the portfolio turnover rate
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