FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The composition of the Fingroup Fund portfolio is as follows: The fund has not borrowed any funds, but its accrued management fee with the portfolio

image text in transcribed
The composition of the Fingroup Fund portfolio is as follows: The fund has not borrowed any funds, but its accrued management fee with the portfolio manager currently totals $58,000. There are 25 million shares outstanding. Required: What is the net asset value of the fund? Note: Round your onswer to 2 decimal pleces

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The 3 Signal The Investing Technique That Will Change Your Life

The 3 Signal The Investing Technique That Will Change Your Life

Authors: Jason Kelly

1st Edition

0142180955, 978-0142180952

More Books

Students also viewed these Finance questions

Question

★★★★★
The management of Hillary Inc. asks your help in determining the comparative effects of the FIFO and LIFO inventory cost flow methods. For 2012, the accounting records provide the data shown on page...

Answered: 1 week ago

Question

★★★★★
Most people do not consciously think about the person with whom they are interacting. They translate their view of the world around them from their own perceptions and assume that others are working...

Answered: 1 week ago

Question

★★★★★
Why do young children hide by covering their eyes?

Answered: 1 week ago

Question

★★★★★
Futi Ishanyan owns a retail business and made the following sales during the month of August 20--. There is a 6% sales tax on all sales. Aug. 1 Sale No. 213 to Jeter Manufacturing Co., $1,300, plus...

Answered: 1 week ago

Question

★★★★★
Gourley Clinic uses client-visits as its measure of activity. During August, the clinic budgeted for 4,300 client-visits, but its actual level of activity was 4,360 client-visits. The clinic has...

Answered: 1 week ago

Question

★★★★★
Suppose the interest rate is 4.1% a. Having $250 today is equivalent to having what amount in one year? b. Having $250 in one year is equivalent to having what amount today? c. Which would you...

Answered: 1 week ago

Question

★★★★★
1. 2. 3. 4. Suppose Garrity continued to use one firm-wide rate based on direct-labor hours to apply all manufacturing costs (except direct materials) to the final products. Compute the...

Answered: 1 week ago

Question

★★★★★
The following selected data are adapted from the February 2, 2020, and February 3, 2019, consolidated balance sheets and income statements for the years then ended for The Home Depot, Incorporated....

Answered: 1 week ago

Question

★★★★★
When a company purchases $2,000 in supplies on credit, what is the correct impact on the company's trial balance? Question 5 options: a) Assets decrease by $2,000 (credit side), and Liabilities...

Answered: 1 week ago

Question

★★★★★
Ogden Mountain Apparel signed a 15-year lease on a new production facility. What type of cost is the lease considered to be?

Answered: 1 week ago

Question

★★★★★
In order to better keep track of their inventory levels, "Leaps and Bounds" has also just switched from an inventory monitoring system that updates every quarter, to one that updates every week. This...

Answered: 1 week ago

Question

★★★★★
Using some of the ideas in case study 12.4, consider proposals to change the recruitment of one key job in your organisation that would aim to reduce the attrition rate.

Answered: 1 week ago

Question

★★★★★
In the CIPD labour turnover research, the cost of replacement of employees who leave is high. Why is this?

Answered: 1 week ago

Question

★★★★★
Set out the arguments for and against instituting a legal requirement for a quota of women on boards of private companies

Answered: 1 week ago

Previous Question Next Question