Question $3 Table 1 lists the holdings of a long-only biotech equity fund with $1.0 billion in arrotz undor management. The fund universally selects names to add to the portfolio from the BIO benchmark (ie. the apportunityzet of patential haldinar) which is comprised of 75 holdings (15 currently in the fund and 60 nat), weighted by market capitalization. Table 2 lists the BIO benchmark holdings that are NOT currently in the portfolio. You can arrume that the fund can enter or exit a parition by buying or selling up to a maximum of 20% of a company's average daily volume (ADV). Table 1: Fund Comparition Hulding Portfolio Company 1 Portfolio Company 2 Portfolio Company 3 Portfolio Company 4 Portfolio Company 5 Portfolio Company 6 Portfolio Company? 4) Barad units current compuritius, calculate the fund's percentage nunership of such company and errors if it Portfolio Company equity of any. If zu, which une(r)? (Zptr) Company(r) with 10% Ownership b. Why would muning 10% of muro of a company be a potential izzue for the fund? (1pt) Weight|arket Cap (USD. Average Daily Current Share. Percent Ounerchin Davet 8.4% $ 1,582,164,216 3.8% $ 1,685,255,226 7.6% $ 2,982,719,786 4.4% $ 1,154,111,054 7.4% $ 1,598,126,976 11.2% $ 2,675,504,342 627,389 $ 34.45 61,618 $ 205.21 25,691 $ 351.14 210,588 $ 109.75 185,180 $ 171.39 145,336 $ 196.85 Portfolio Company 9 Portfolio Company 10 Portfolio Company 11 Portfolio Company 12 5.0% $ 2,995,246,936 6.8% $ 1,597,744,904 13.4% $ 4,093,353,439 138,913 $ 70.14 298,762 $ 102.57 240,787 $ 93.35 5.3% $ $13,894,016 303,084 $ 21.86 Portfolio Company 13 7.2% 4.1% 3.8% $ 490,838,327 91,468 $ 157.10 $ 1,450,287,142 182,815 $ 129.32 $ 624,139,059 38,423 $ 99.39 Portfolio Company 14 Portfolio Company 15 5.3% $ 1,537,871,874 70,127 $ 57.99 6.3% $ 3,071,575,263 322,325 $ 83.03 Table 2: BIO Benchmark Huldings NOT in the Fund c. Based on its current compuritius, kuu many days unuld it taka tu liquidate the entire fund? (2ptr) Days to Liquidate Fund: Holding Benchmark Company 1 Benchmark Company 2 Benchmark Company 3 Weight|arket Cap (USD. Azerase Dail Current Share 0.20% $ 0.27% $ 365,367,488 416,740 $ 491,182,594 629,928 $ 72.82 58.17 0.29% $ 4. Barad units current compuritius, kuu many days unuld it tako tu liquidato 33% of the fund by number of purities Benchmark Company 4 Days to Liquidato 33% of Paritions: Benchmark Company 5 Benchmark Company 6 Benchmark Company 7 0.32% 0.35% $ 0.36% $ $ 529,243,553 571,990,247 627,389,000 156,367 $ 149.37 187,271 $ 106.31 354,850 $ 189.40 637,825,502 467,294 $ 11.17 0.36% $ 640,643,950 $46,529 $ 41.09 a. Barad units current compuritius, kuu many days unuld it tako tu liquidato 75% of the purtfulin by azzate? (3per Benchmark Company & Arrume the price remains constant over the selling period. Days to Liquidato 75% of Arrots: Benchmark Company 9 Benchmark Company 10 Benchmark Company 11 Benchmark Campany 12 f. Which do you think ir a more important mourure of liquidity, the time it takar tu liquidata a percentage of the be Benchmark Company 13 or the time it takar tu liquidato a percentage of arrats? Why? (2ptr) Benchmark Company 14 Benchmark Company 15 Benchmark Campany 16 Benchmark Company 17 Benchmark Company 18 Number of Companies: q. If the fund had a policy tu kuld a puritius at a weight un greater than +10% of the company's wright in the BIO be Benchmark Company 19 how many companies in the B10 benchmark nut currently in the fund unuld ratirfy the