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he composition of the Fingroup Fund portfolio is as follows: Stock Shares Price A 260,000 $ 40 B 360,000 45 C 460,000 20 D 660,000
he composition of the Fingroup Fund portfolio is as follows:
| Stock | Shares | Price | ||
| A | 260,000 | $ | 40 | |
| B | 360,000 | 45 | ||
| C | 460,000 | 20 | ||
| D | 660,000 | 25 | ||
The fund has not borrowed any funds, but its accrued management fee with the portfolio manager currently totals $45,000. There are 4 million shares outstanding. What is the net asset value of the fund? (Round your answer to 2 decimal places.)
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