Question
The composition of the Fingroup Fund portfolio is as follows: Stock Shares Price A 200,000 $41 B 270,000 53 C 415,000 35 D 530,000 40
The composition of the Fingroup Fund portfolio is as follows:
Stock Shares Price
A 200,000 $41
B 270,000 53
C 415,000 35
D 530,000 40
The fund has not borrowed any funds, but its accrued management fee with the portfolio manager currently totals $44,000. There are 2.4 million shares outstanding.
What is the net asset value of the fund?(Round your answer to 2 decimal places.)
Net Asset Value
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
Concise 6th Edition
324664559, 978-0324664553
