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Deutsche Bank Asset Management Software Index Fund portfolio has the following stocks: Stock Shares Price A 60000 80 B 70000 90 C 80000 100 D

Deutsche Bank Asset Management Software Index Fund portfolio has the following stocks:

Stock Shares Price

A 60000 80

B 70000 90

C 80000 100

D 90000 120

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 11.30%. a. What is the net asset value of the fund? (Sample answer: $10.75) b. What is the offering price of the fund? (Sample answer: $10.75)

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