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: Stock A B C D Shares 230,000 330,000 430,000 630,000 Price $40 45 20 25

image text in transcribed
The composition of the Fingroup Fund portfolio is as follows: Stock A B C D Shares 230,000 330,000 430,000 630,000 Price $40 45 20 25 The fund has not borrowed any funds, but its accrued management fee with the portfolio manager currently totals $30,000. There are 5 million shares outstanding. What is the net asset value of the fund? (Round your answer to 2 decimal places.) Net asset value

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

School Finance Elections

School Finance Elections

Authors: Don E. Lifto, Bradford J. Senden, Daniel A. Domenech

2nd Edition

1607091488, 978-1607091486

More Books

Students also viewed these Finance questions

Question

★★★★★
Welcome Inn Hotels is considering the construction of a new hotel for $90 million. The expected life of the hotel is 30 years, with no residual value. The hotel is expected to earn revenues of $26...

Answered: 1 week ago

Question

★★★★★
=+Are you interested in working on global teams?

Answered: 1 week ago

Question

★★★★★
Below is a critical speed map of an 800-hp DC motor sitting on a 6- ft-high concrete pedestal. The motor usually operates at 1,000 rpm. The vibration levels, which were excessive, occurred with the...

Answered: 1 week ago

Question

★★★★★
Balance sheet data for Hanes Company on December 31, the end of the fiscal year, are shown below. Prepare a comparative balance sheet for 2010 and 2009, stating each asset as a percent of total...

Answered: 1 week ago

Question

★★★★★
Maryland Light, a U.S. light manufacturer, is considering an investment in Japan. The dollar cost of equity for Maryland is 12.75%. You are in the corporate treasury department, and you need to know...

Answered: 1 week ago

Question

★★★★★
Post the journal entries to the ledger. Prepare a post-closing trial balance. Use the following information: a. Prepaid insurance of $156 has expired this month. b. At the end of the month, $500 of...

Answered: 1 week ago

Question

★★★★★
Complete the payroll register for the period's gross pay. Pay will be disbursed on February 13, 2017 starting with check number 6628. Prevosti Farms and Sugarhouse pays its employees according to...

Answered: 1 week ago

Question

★★★★★
Wells Technical Institute (WTI), a school owned by Tristana Wells, provides training to individuals who pay tuition directly to the school. WTI also offers training to groups in off-site locations....

Answered: 1 week ago

Question

★★★★★
Excel Activity: Financial Statements, Cash Flow, and Taxes Laiho Industries's 2020 and 2021 balance sheets (in thousands of dollars) are shown. Laiho Industries: Balance Sheets as of December 31...

Answered: 1 week ago

Question

★★★★★
QUESTION 5 Installing a muffler at Barut Garage, Inc. involves a five work tasks. Azra has timed workers performing these tasks seven times, with the results in minutes) shown in the following table....

Answered: 1 week ago

Question

★★★★★
Sandhill Company has decided to expand its operations. The bookkeeper recently completed the following balance sheet in order to obtain additional funds for expansion. SANDHILL COMPANY BALANCE SHEET...

Answered: 1 week ago

Question

★★★★★
Draft a proposal for a risk assessment exercise.

Answered: 1 week ago

Question

★★★★★
Understand the business case for equal opportunities and be able to identify how it applies in differing organisations.

Answered: 1 week ago

Question

★★★★★
Assess the implications of putting a policy into practice and evaluating the success of initiatives in this area.

Answered: 1 week ago

Previous Question Next Question