: Q3: The composition of the Alhind Fund portfolio is as follows:

Stock			Price
A	300000		$45
B	500000		50
C	600000		30
D	800000		35

The fund has not borrowed any funds, but its accrued management fee with the portfolio manager currently totals $60,000. There are 5 million shares outstanding.

What is the net asset value of the fund?

Q4: A U.S. Treasury bill with 90-day maturity sells at a bank discount yield of 9 percent. [4 Mark]

1. What is the price of the bill?
2. What is the 90-day holding period return of the bill?
3. What is the bond equivalent yield of the bill?
4. What is the effective annual yield of the bill?

Note: If using Excel, Students must provide the table of calculations.