solve both for like

1. The composition of the Fingroup Fund portfolio is as follows: Stock Shares 200,000 300,000 400,000 600,000 Price $35 $40 $20 $25 The fund has not borrowed any funds, but its accrued management fee with the portfolio manager currently totals $30,000. There are 4 million shares outstanding. What is the net asset value of the fund? 2. Reconsider the Fingroup Fund in the previous problem. If during the year the portfolio manager sells all of the holdings of Stock D and replaces it with 200,000 of Stock Eat S50 per share and 200,000 shares of Stock Fat $25 per share, what is the portfolio turnover rate