Question
The composition of the Fingroup Fund portfolio is as follows: Stock Shares Price A 380,000 $ 40 B 480,000 45 C 580,000 10 D 780,000
The composition of the Fingroup Fund portfolio is as follows:
| Stock | Shares | Price | ||
| A | 380,000 | $ | 40 | |
| B | 480,000 | 45 | ||
| C | 580,000 | 10 | ||
| D | 780,000 | 15 | ||
The fund has not borrowed any funds, but its accrued management fee with the portfolio manager currently totals $35,000. There are 4 million shares outstanding. What is the net asset value of the fund? (Round your answer to 2 decimal places.)
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Founding Finance How Debt Speculation Foreclosures Protests And Crackdowns Made Us A Nation
Authors: William Hogeland
1st Edition
0292757530, 978-0292757530
