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343 Ups dar 18. Assume a university ABC endowment fund has a spending rate of 4% per year. This amount is committed to the
343 Ups dar 18. Assume a university ABC endowment fund has a spending rate of 4% per year. This amount is committed to the budgetary support of the college for the coming year. At the end of the prior year the market value of the ABS endowment's assets is $75 million. In addition, the ABC endowment has committed to contribute $1 million in the coming year to the construction of a new student dormitory and the planners expect to receive contribution or gifts of $400,000 over the coming year. What is the anticipated liquidity requirement of the ABC endowment for the coming year? O a $3,000,000. O b. $3,600,000 Oc$600,000 Od. $2,400,000 O e. $9,000,000
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