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 $20
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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Personal Financial Planning
Authors: Randy Billingsley, Lawrence J. Gitman, Michael D. Joehnk
14th edition
978-1305887725, 1305887727, 1305636619, 978-1305636613
