On 4th October 2022, an open-ended managed fund had 8,420 units on issue, and held the portfolio described in the table below. The price for

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On 4th October 2022, an open-ended managed fund had 8,420 units on issue, and held the portfolio described in the table below. The price for each share is the market price that day at 4:00pm.

Share	Shares owned (quantity)	Price
Company 1	1,000	$ 2.03
Company 2	5,000	$51.37
Company 3	2,800	$29.08
Company 4	10,000	$67.19

c) investors who joined on the 4th October 2022 (from question a) paid for their 580 units on the 5th October 2022. Assume their money was received at once by the managed fund but was not invested in shares yet.

On the 5th October 2022 all 4 shares in the porfolio increased by 50% of their 4th October original values. Existing investors placed a sale order for 50 units before 4pm on the 5th October 2022. Calculate the price that applied to their sale order. Explain why the price of the unit on the 5th October 2022 has increased by less than 50% compared to its 4th October original value.

d) Purple Bank is the responsible entity for the above managed fund. Describe one form of earning that Purple Bank gets from managing the fund. Indicate under which part(s) of Purple Bank's income-expense statement will be affected by this income .