Question
The composition of the Fingroup Fund portfolio is as follows: Stock Shares Price A 390,000 $ 30 B 490,000 35 C 590,000 15 D 790,000
The composition of the Fingroup Fund portfolio is as follows:
| Stock | Shares | Price | ||
| A | 390,000 | $ | 30 | |
| B | 490,000 | 35 | ||
| C | 590,000 | 15 | ||
| D | 790,000 | 20 | ||
|
| ||||
The fund has not borrowed any funds, but its accrued management fee with the portfolio manager currently totals $40,000. 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 $
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Fundamentals Of Futures And Options Markets
Authors: John C. Hull
5th Edition
0131445650, 9780131445659
