Question
Deutsche Bank Asset Management Software Index Fund portfolio has the following stocks: Stock Shares Price A 60000 80 B 70000 90 C 80000 100 The
Deutsche Bank Asset Management Software Index Fund portfolio has the following stocks:
| Stock | Shares | Price |
| A | 60000 | 80 |
| B | 70000 | 90 |
| C | 80000 | 100 |
The fund has borrowed $300,000 and its accrued management fee with the portfolio manager is $300,000. The fund has 1 million shares outstanding. The fund is an open end fund and charges a front-end load of 8.30%.
a. What is the net asset value of the fund?
b. What is the offering price of the fund?
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Managerial Accounting Tools for business decision making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
5th edition
470506954, 471345881, 978-0470506950, 9780471345886, 978-0470477144
