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.

What is the price of the bill?

What is the 90-day holding period return of the bill?

What is the bond equivalent yield of the bill?

What is the effective annual yield of the bill?

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