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SunSuper Managed Fund (SMF) has the following combination of assets in their portfolio: $80 million in fixed-income securities and $45 million in stocks at
SunSuper Managed Fund (SMF) has the following combination of assets in their portfolio: $80 million in fixed-income securities and $45 million in stocks at current market values. In the event of a liquidity problem, SMF can sell the assets at 92 per cent of market value if they are disposed of in 2 days. SMF will receive 96 per cent if the assets are disposed of in 4 days. Two sharelunit holders, Amanda Rodriguez and Benjamin Lee, own 7 per cent and 9 per cent of equity (share/units), respectively. Due to COVID- 19 related market uncertainty, Amanda and Benjamin sell their share/units back to SMF. What will Benjamin receive if SMF must sell all the assets in two days? In four days? OA $8.05 million in two days and $8.40 in four days OB.$10.35 million in two days and $10.80 in four days OC $10.86 million in two days and $11.52 in four days OD.$8.46 million in two days and $8.73 in four days
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